new rbs research, page-3

Chances of another bidder stepping in are quickly disappearing but I am warming to the SEA merger and looking forward to lots of drilling, 65c for txn as part of SEA with a free punt on Talon whatever that ends up as is probably not so bad. Talon hit a few wells quickly and get some excitment created for the East Texas land which they must be somewhat excited about if they are trying to lease 20k of acres. First mover in a new play could really jump SP. But this time I will jump off Talon when it peaks not when they try and sell as clearly they need to stick to drilling not selling.