The sale deal between WRES and ESCR was postponed for two weeks from Sept 1 to Setp17. It looks like ESCR is in the process in getting capital for the purchase. If it has no any hope to get new money, why bother to delay the deal? It seems that both WRES and ESCR traders and investors sense this and are flocking into the stocks.
Actually this is a good news for WRES. Why in the hell the company should sell the asset? It will be worthy more than 100 m when the oil/natural gas price comes back to normal. The company has sufficient capital to survive for a couple of years, during which the energy market certainly will recover. In my opinion, it is time for WRES to buy more natural gas assets right now if it has extra money. Escalera is in the brink of BK and if it sells a juicy pie close to WRES property, WRES should get it.