Have you overlooked their recent acquisition(s) and factored the...

Have you overlooked their recent acquisition(s) and factored the dilution into your equation? The real value won't be unlocked for a good 18 months yet. Not sure if you listened to the 3rd quarter conference call but it seems pretty clear that OGC are now in a consolidation period post acquisitions.

The other question is what's going to happen to the PoG given that it now looks more likely the US Fed will commence the long awaited rate raise in December.

Baron