cant imagine hilcorp taking over the show and being allowed to do zip
for hilcorp to take command can only mean one eventuality full tilt ahead, and this hilcorp take over indicates their confidence in the play is obvious, for them to raise capital also is an extremely healthy thing. and i am sure the 300 mill that was raised with the finest names in the industry did not happen by coincidence. this play will require a huge commitment and a mammoth undertaking by hilcorp.
for me their takeover as operator heralds a massive change that i have been seeing signs of in the region.
if your talking about derisking, then seeing the 4th biggest privately owned oil company come in and take control imho demonstrating something huge is about ot happen in our acreages
i think clever investors imho will jump in early, imho the longer you leave you the less the upside will be from this point on..
all imho and dyor
ADI Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held