Is Sgyin the best positon to make an offer for GXE?
SGY offers 1 share for 10 GXE = 26 million shares or . 88 per share
Price per flowing barrel= EV (233 million) + Debt (14 million)) - cash (4 million) / 5800 boe\d= $41,000 per flowing barrel.
SGY outstanding shares 100 million + 26 million = 126 million shares
Just thinking outside the box while doing my research.