Take overSGY is not a good target for a take over. It is too small for a big company because it cannot help to achieve a significant effect on revenue or gross margin. I don't think it's an interesting target for a mid size company too. SGY could be a good target for a same size size company. However, there are more interesting candidates with same profile and less debt. Hence a take over is a big speculation.
What will save SGY is a good and sustainable oil and gas pricing so they can reduce debt and buyback stocks to allow for a better Dividend. That could attract more investors. Having said that, I rdo believe that oil and gas price will improve over time, which help SGY to better achieve the debt reduction and a progressive increase of dividend.