Malmoe, if your primary valuation method is to look at production, then why would you take SEA with its low margin/high cost/high risk well strategy which generates 2000bopd? Why not take LNC for only double the EV, has greater reserves, 6000bopd lower cost production from salt domes. I agree with Sharks, SEA is fully priced. If you really are prejudiced against MAD, try LNC or RFE.
Soho, good channel spot. Your chart showing 75c ties in with the next Fib level which I put up on the mad charts thread. Not strong fib resistance. 87.5 could be one worth trading.
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