Dillution of existing shareholdersNot super happy with the new deal. Would have prefered that the equity issue be done at a higher price. Gotta watch those investment bankers. Especially when RER trades at a discount to it's peers. Obviously, or perhaps, some wells need to be tied in fast (I'm surprised RER doesn't have enough cashflow at $8 plus gas).
Anyway, here's to the payoff from the proceeds of this capital!!!