It’s fair to say at the right price (which is well above the current share price) that MEL would be a value accretive acquisition for either Vintage Energy or Bridgeport. Bridgeport has the cash balance to offer a good takeover premium without touching its Balance Sheet and Vintage Energy can offer retention of project upside to MEL shareholders by absorbing MEL into VEN.
It is actually difficult to conceptualise MEL remaining as a standalone company in the next 6 months.
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