Balance Assets Overvalued at Least 50% by Ward -A Wounded Company
If true, fire sale buyout offers could be in the $2.90 range. Most likely Ward influenced a fictitious value for SD's worth. I think 'market to market' will be a fire sale; if not, the company will struggle onward in a wounded state.
THAT IS FIRE SALE PRICE (1/3 of real value). SD is not in the position that CHK was, they can sell half the drilling rigs, planes buildings, etc. cat the drilling plan in half, no need to panic or be forced into a fire sale.