RE:Should CJ Be Interested In GXE?Could we not pick up all of GXE and maybe split it with someone else just taking on the areas that work well with us? Lower the acquisition costs, premium or no premium... and I'd rather take it on debt than shares...
I have no real interest in being debt free unless there is no sensible acquisition opportunities. I like leverage that makes sence, let the experts of the company use thier expertise in growing my investment here... I'll pay the bank a cut if I can make a higher return rate, the safety of being in a debt free position is overrated. Being debt free means you have no better ideas for growth.
We could up our production number, and with our FCF it wouldn't take long to eat that debt (I'm seeing $235M market cap currently), we are likely going to see 20-30M free cashflow go to just our debt at this $85-90/Oil... up the dividend a penny (as that's what they were paying monthly at a lower oil price) and if thier lands are any good maybe we can crush 25-40M FCF to the debts per quarter from the extra production.