RE:RE:Unsold sharesWell there's certainly a lot of speculation going on here.. I'm still in the camp that the acquisition is positive and accretive.. bolting on near by acreage and facilities with room for increased production will prove to be a good move in the long run.
Not to mention some decent contracts already in place. They also have the rigs contracted in place so they don't have to wait in a que to obtain rigs so that's a plus!
They can optomize drilling techniques and facilities to most likely increase production with ease.
They will also be able to handle the additional acreage with less personell due to the close proximity of the HHRS holdings, so additional operational synergies are definately there.
I like the deal and I have a good feeling that they'll be able to cut that debt down quite quickly!
I'm glass half full so not too worried.. I'm more worried about the manipulation that goes on in the market than the metrics of this deal..