RE:RE:Great presentation from the conference Apart from having so much cash is the fact that they have only 107 million shares outstanding.
They could issued shares at 6 to 8 dollars to bring in some institutions. Issue 10 million shares and put it towards an acquisition and the rest in debt financing. The stock would explode upwards.
If they do an acquisition in the second quarter they could have upwards of US$350 million and addition to the money raised. They could do a debt financing for 3 to 600000,000 and make a major acquisition in the 20 to 30,000 barrels a day.