I believe we will see this sort of thing happening more and more,as the SPs of oil and gas specs trades very close or below cash backing,let alone NTA.Why go looking for an expensive loan when you can take over a cash bloated minnow.If they have some handy ground,all the better.ODN is trading below cash,and may very well be picked off.A lot of small oil specs will not make it out of this market,but not all because they go broke.
