i'm out, page-6

I sold out pf TXN as a risk management strategy. In my view, the likelihood of a better offer is remote, as txn had its leases on the market for many moon and couldnt cut a deal. Obviously the sale to sea was the best deal they could cut - you just have to read the reactions on this site to see how popular it was. No doubt it will go ahead, but if it doesnt i dont want to be stuck holding txn.

If txn drills some great wells, sea will go up. All i risk in my view is the loss of talon. After holding txn for a long term, i can do wothout them.