Will be interesting to see what numbers they claim they'll get out of Short Creek, but location is attractive - seems to be directly bargeable all the way to Mobile, and slightly downstream from BWM. Given success they've seen at BWM, probably looking to execute similar game plan --> more blending opportunity and geographic hedging.
I think the raise is a bit crap, given how cheap the company is from New Elk alone, but as long as the company can manage it, I'm happy to buy these producing assets and lever up to the seaborne market.
But will wait and see
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