The bottom line is:
Even at today's oil price, GST is believed to have assets worth more than debt.
If oil recovers, it will worth even more. It is fortunate they hold STACK assets and that will allow them to ride on to recovery. Once they can stablize and survive, there will be plenty of upside
earning call is next week, we will get more info. about the STACK plays. $50 oil will give lots of demand for STACK/SCOOP assets
I think patience is needed. STACK assets are in demand. Deal can be reached at any minute. It might also be no deal, and that always need to have a back up plan
It will depend how the market value GST's current assets. If they can hit the mid point, GST common can go higher than $3. GST is fortunate to have good assets in this environment.