Ann: TEG: L7 Booth Well Timing Update, page-12

It may well be. It's hard to know whether the market is fully valuing Walyering and discounting WE, or fully valuing WE (based on Hancock transaction price) and discounting Walyering. I suspect it's the former because it's very unusual for the market to discount cashflow.

Or the market might just be betting on a CR and therefore short selling it at any price with a view to buy back the stock via the placement. Who knows? All I know is the stock is trading at such steep discount that I am literally fill to spill with STX stocks in my portfolio. It's a good thing when a stock is trading at such an obvious discount because that's where good money can be made.

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