If you merge TXN with SEA based on current mkt caps of both companies ($105m for TXN and $295m for SEA), you would have a $300m company with $170m ($145m and $25m for TXN) in the bank and Eagle Ford Shale that is basically proven and at starting point of probably $1,500 BOPED to kick things off. Even allow a premium of $100m for the merger and still looking good for a $400m company. Just thinking what you could do with the $171m part 1, II and III.
MM I bought BDR in low 20c and sold for up to a 4 bagger a while ago. Held on and off since. Looking to get back in for the gold pour, but that bloody bot again.
SEA Price at posting:
69.5¢ Sentiment: None Disclosure: Held