imho the bidders left the arena in a hope to see a liquidation of texon.
but what they miss out on if they fail to bid is what SEA would ultimately gain, some absolutely unheard of prices for EFS with 8 producing wells..
we would find the EFS value would bolster SEA, and i am sure the MC of SEA would not suffer for the dilution,
somehow SEA looks to be the winner here, and the losers in the game so far have given away more than just the fact they would be recognised as incompetent, i mean who would let 7500 acres go with 8 producing wells.. at $14k.. WOW..
i know i would be askin questions...
how does that look at the board room level..lol
TXN Price at posting:
38.0¢ Sentiment: None Disclosure: Held
