Given the current sale price of $8500 per acre and GST net holdings of 75,500 net acres, that puts the Marcellus asset value at $640MM.
Does anyone think GST will aggressively pursue a sale of this asset now? If they get $600MM we can have share price at $6-7 and we'll all walk away happy.
About half their acreage is worth that must as it is liquid rich, the other portion is expected to be mostly dry gas so it is probably worth half as much. Still you are around 500 million, a lot higher than current market CAP.