The new five-year strategy includes a period of falling output after asset sales before production increases in 2015.
...Ohh boy... no production increase until after 2015..............Ohhh boy..that plan alright....The market is really gonna love that.
Penn West CEO Vows Comeback Instead of Sale
Ohh Boy..was i right on the money..Roberts &George... no wonder Markin flip them the bird.
Lets see if klapco can go from zero to hero..with a $7 deal....... Show Me the Money Klapco..thats my best Jerry Mcguire.
Shareholders have served him notice....Montclair could easily increase there holdings to 10% over night... or file proxy to the shareholders... his days of running fast and loose are over..he needs his final pay day..because shareholders are not going to approave any bonus or increase in compensation.
The reason why were in great shape now is the fact the hammer was held to klapco..to right size and down size..and streamline operations..clean the balance sheet...so now thats where we are..EQU is basicly a new company in a great space..ya our hedging prices are'nt the greatest..but hedges expire... and thats where take-over vision comes into play..and strategic thinking and opportunity...
Shareholders like out new company..and if the price insnt right today..tomorrow someone will come. and the next day after that.... klapco is basicly a caretaker now..we've put him in a box..and shareholder have alot more control than they ever did.
The newar discussion is now irrelevent... Shareholders will always hold his work in high reguard.... No more discussion required.
Getting the most for our company now is on the table....We are in great shape on all fronts...hence the freenzy of interest ed parties.... If klapco gets paid..we ll get paid... thats all i care about.
Its like trying to pull a trailer with the brakes on.....
Then trying to restart a drilling program that can pull in a 10% production growth rate.......
Others in the space have already accomplished this..and arn't trading much higher on the metrics
Ed..this thing has everything you dont want.... not to mention a 3.5 billion dollar hammer obove its head.
Holding the stock #$%$br />
Look for cash and stock swap... maybe Montclair shows up...with a better all cash offer...They wanted the right to last offer before ....They have the books open...I see them stepping up
Contango occurs when futures prices for a commodity are greater than the current spot price.
(Read more: Contango: CNBC Explains)
"Prices have been under pressure," Gartman said. "Prices may well continue to be under pressure for some while going into the future."
Crude oil prices could test $85 per barrel levels, he added.
"There's a gob of $110 crude oil out there," Gartman said. "There's probably a good deal less $80 crude."
(Read more: Keep buying stocks at all-time highs: US Trust)
Gasoline prices at the pump could also be lower by the end of 2013, he said.
"I bet we take RBOB under $2.50," he said. "I bet we take the public's gas at the pump under $2.75 gas relatively easily after the turn of the year."
—By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.