the new woodside - usa onshore gas , page-3

i'll be trying to pick some additional cheap to average down on the opening.

Keep in mind, it will be a consolidated price.

Given the company agenda to sell its asset, updated reserves on flows, something in the 300-500m wouldnt surprise.
So thats 10-15c pre-cons, or $1.00 to $1.50 consolidated.

I wouldnt bother if i had no reason to.

Always know what you are buying, and why.

This was a company that was close to selling its assets only a few days before the GFC occurred based on its then reserves, and subsequently gutted gas prices, and Financial Crisis, killed the sale.
Following on, had succumbed to debt laiden, and production failed as funds not properly allocated, combined with incompetent operation.

3 years and a wake up later, the debt substantially written off, and re-financed with TPG, now gas is flowing.

Bring on the sale, and a now tangible upside to this old story.

For those who prefer to throw mud, thats up to them. But its mud in their eyes that may obscure the opportunity.