Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (45010)	10/17/2011 1:21:23 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78470

BEXP: "Equity production is now at about 21,000 barrels of oil equivalent a day, with potential to increase to 60,000 barrels to 100,000 barrels a day over a five-year period, Statoil said." A good deal if they can get 100k boepd, mostly oil/ngls, imo. Not a good deal imo if they get 60k boepd. Also, looks like they're paying $10K/net acre. I guess that's ballpark, not sure. Interesting that it's an all cash offer. I like STO at p/e under 9. I'm willing to add to stub position if STO drops again under $21.