Has there been an offer to date?No.Is there value here in this stock?Only if the market stays up through the sequester debate.Is that possible?No.This a lose lose economic market outcome.Let the sequester take effect and the market tanks.Get an agreement from both sides to cut spending and still the market tanks.At this pps this stock is purely a speculative play.The majors know that shortly they will get this stock cheaper than the current pps.If the market tanks and oil drops at some price shale oil will not even be viable.Not short but I surely see some of what they envision.
My guess is either COP or MRO! As far as oil droppig I dont think so,did you see the lines for fuel in the North East! Unless solar powered cars are coming soon and interest rates are going up substantilly OIL,Gold and Silver are going higher! My guess is we have until the next election until then the game stays the same! I am long KOG,COP,MRO in the oil patch!