They should consider a merger with TXN.
TXN - appear to be not very good at selling land but know how to get a horizontal well into production
SEA - appear to be very good at selling land but not so keen to share any operational updates
TXN - Has the oil producing land
SEA - Has the money to drill it
TXN/SEA - Drifting lower in SP because both have lots of valuable land or cash but not much drilling information.
Perfect match. Do not hold TXN.
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- $171,000,000.00 part 11 and part 111
$171,000,000.00 part 11 and part 111, page-5
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