Since it was phrased as a question Buc, albeit my words were "conclusion that SSN (beaten down as it is) is not a value play for me.", which leaves the notion of value to the reader/investor.
To use an American Football Analogy, the whole Nitrogen/Helium thing sounds like a "Hail Mary Pass" (SUDs can explain). Most times they end badly.
As such, I ascribe no value because it is the immediate term (next 12 months) that matters most (IMO). Its a headline to just throw out numbers. Concentrate on Net Return and development capital needed along with sales agreements. Oil is an easily traded commodity.
Is one supposed to multiply 35,000,000Mcf x 0.00152 x $185/Mcf = $9,842,000 and go WOW? What is the net to SSN after all costs. And that 35Bcf is GIP and not recovered amount.
That's my rationale only. Others will see it differently.
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