Totally agreed on the 1st sentence. Board can do the basic bottom up valuation first - But then must attempt to assess what extra value (premium payable) each potential bid lobber might up the offer to, because of inherent strategic synergies (costs/people), competitive advantages gained to securing any of our assets.
eg. Hancock didn't get the MIN people in the deal, so STX's Core Team, operating capabilities & Basin IP become super valuable on top of the Gas BCF's.........
Thats what we pay the Board AND CEO for..................when the rubber hits the road during times like this. Jettisoning a CEO at this critical time in STX growth trajectory is not great. Stu had in-depth living breathing knowledge of the business.
Board is going to have to really show their value now IMHO.
STX Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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