Rumor that Devon will announce buying private company Felix for $20-$22k/undeveloped acre. GST acreage not as pressured as is Felix's acreage but it is more oilier. GST has 86k acres in the Stack, do the math, the numbers are scary big relative to the current stock price.
This is why GST is currently trading up 14%
Meanwhile the Utica is up for sale. I believe Energy Prospectus Group at one point opined on a high number, if I recall something around $200 to $250 mil, I don't think it will be anywhere near that, possibly half the price. More importantly it will make the company a pure play and easy target for takeover.