Lol bobby :) it is funny what a day of gains (10% isnt bad though) will do..
Just on a note..
at 3000bbl/day rough calc..
$95 crude price + $18 wti = $113 / barrel $339k/day 123million per year
PE of 10 = 1.23 billion...
For a takeover, they would probably have to pay above that, especially considering if MAD got to 3k bbl/day their production risk would be substantially reduced (their major risk currently).
No sure you thought that through with the $2/share thing either..
$2/share = 840million, thats a PE of 7 (at 3k bbl/day).. fairly sure thats justified if we got to that production.. heck I'm sure we would be close to $3 per share.
FDM Price at posting:
$1.10 Sentiment: LT Buy Disclosure: Held
