buyers are back, page-26

problem with the comparison's to Chesapeake etc.. is that the asset was producing 50m cf a day.

at the moment RFE produces not a lot.

at 300 thousand cf a day... thats 166wells to get to 50m


therefore aint nobody gonna pay billions of dollars for this stock until its proven it can produce and the project de-risked.

in my opinion, IF they get taken out, it will be 2 years down the track.

but its stupid to buy a stock based on a takeover that may never happen, so the good thing is that RFE will most likely be a profitable oil & gas company in 2 years.

I'm looking for a sub 50c entry given how the general market is really pulling back. its a big headwind for RFE in the next wee while.