Cmon, I personally don't think you have to be a shareholder to provide objective discussion on a company, that is the purpose of these forums. We all look at things differently and understanding different perspectives helps improve understanding. We both look at things differently but that doesn't mean I am correct and have learnt a lot from your posts. Clearly looking at the SP the things I value are not what the market values therefore it is helpful to be challenged so thks.
For some light entertainment have you seen this walking rig? Walking oil rigs
On the multiple I think it is a function of the NPV10 however I think a distressed asset sale would give a lower value if due to realising cash. Because these distressed sales are public they will probably provide negative sentiment so a better strategy is to protect assets (primarily cash) than grow production until confidence improves. Unless a well has less than year payback for me there is no point drilling.
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