Consider the market cap of GDN. Take out the WCU contribution and prospective settlement with Weatherford gives a value of about $10m to the gas field which is likely to be in excess of 200Bcf with 2 wells awaiting completion. Better still, if it drains at any type of marginal rate it is a low capex connection to existing market. Anticipation of flow rates could see this into the mid teens after the fraccing starts and before rates are confirmed. Sellers are shooting themselves in the foot IMHO. Plenty to play out here yet.
GDN Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held
