Totally agree - you can tell by the value left on the table by the sellers of the Yemen assets that they held little hope of future production. Doesn't mean its impossible but certainly unlikely and unlikely by the end of the year. In the meantime they are running out of cash as you and Miningnut have pointed out. Increase in the natgas price is a positive if they are looking to sell US assets which I do think have value.
Be pleased to hear the responses to your questions at the quarterly- I always miss due to work. (Shows how successful I am as an investor that I still need a day job so feel free to judge my opinions in light of that).
PSA Price at posting:
14.0¢ Sentiment: None Disclosure: Held
