Not going to take much C, spoke with Towner recently and he has...

Not going to take much C, spoke with Towner recently and he has had chats with his broker mates. Hopefully soon a broker or 2 will give a good report on us.
to me, the same SP pre deal is crazy. The value is at least .05c based on the figures released and POO being $45, US75c.
Estimates for POO next year re around $57 as non replenishment of fields slowly kicks in, the Saudis chicken game is unwinding because the Americans have reduced their shale production costs now to way below $50, some as low as $35.
So everyone is pumping, so what, surplus is dropping somehow, go figure. the Arabs will eventually have social unrest as the gov runs out of cash and the big wammy, no new big fields coming online.
To me, this all adds up to a price jump medium term.
So what do people do, they ignore a deal maker of a CEO like Towner. He will be moving pretty quick to boost cash flow so to me the SP is a steal but i have no more cash.
DYOR