Steve is very serious about creating value with the Egyptian asset
He can spin it, IPO it, or even sell it. There are at least 3 serious buyers, one European, but more likely a Middle Eastern party when all said and done. It generates roughly $1.5B in FCF, an amount that the market is clearly ignoring. I find it hard to believe that at these levels the stock is essentially discounting a big fat doughnut for an asset of this quality. A foreign entity recognizes real value where the short-sighted (or should I say short-sided, pun intended?) American HFs do not. Get ready for another (massive) squeeze when that hits the tape.
Bravo! I bought in 77s for various reasons - this being one of them. You nailed it balls on.
Couldn't resist the quick profit and selling the news. People who scoffed at you look foolish - they can slink away now. Congrats on the prescient call and profits you deserve.
I guess no one believed me. But that's OK, next time you'll know to attach more credibility to my posts. Steve really came through and the price was far higher than anyone was expecting. Watch the shorts scramble and the stock soar.