who is next on on the dance card, page-5

Natsinc,

They could probably spend $1 Bil on acquisitions if they wanted to go hard.

The other good thing about cash in the bank and plenty of income (going forward) is that for any developments that they proceed with, the strength of there cash and income position would most likely put them in a position to avoid the ridiculous hedging that banks enforce on oil and gas developments, that have by and large proven to ensure a loss for the oil and gas developer and not really added any worthwhile protection to the lender.

MI