Energy Prospectus

Do you have any insight as to the reasoning here?
The market is saying that something is not sustainable. At the current price, I think yield is over 20%- assuming they will keep the dividend.
Something does not make sense.

Why do you think that there is such a disconnect between the share price and your perceived potential price?

D

Those numbers are very impressive for a company with a 130M market cap, and they are actively marketing themselves.
What would you have done with this during your time at Hess? It seems like there is a total disconnect from the value of the company and the value of their asset.

Thanks!

Dan:
https://finance.yahoo.com/news/torchlig ... 00740.html
They claim to have over 3 Billion barrels recoverable, and they are actively marketing the company. I would love your thoughts on the discovery and their valuation.

Dan:
What do you think of the well results in the MERGE area. They are not the blockbusters that Devon has been reporting from the STACK, but seem solid.
Thanks.

Dan