RE:Shareholder valueIf PIPE was to get bought out, the price would depend on when it happened. The longer it takes, the higher our production will be, and thus the higher the price.
But, and it is a big but, we lost the premium that their aggressive growth trajectory previously commanded. Now we are just another producer paying a modest dividend with a modest growth profile. We are no longer the exceptional junior with explosive growth.
If the 11-09 and 14-14 wells results come in as strong as I expect (hope), we should be back above $3 in short order, and a buyout later this year in the $4.50 area would be reasonable. Next year, add a buck, if oil holds and nat gas recovers somewhat. Anything less than those numbers would be an insult.