Phoenix sale is confirmed as well, so combined with the proceeds from the listing (and a future Goliath Sale), the company is in as good a position as it's ever been.
If it can secure more Eagleford acreage, then this company has the potential for some phenomenal growth over the mid-term. This will certainly bring the gap between SEA and AUT closer, once SEA has an opportunity to invest these funds in development.
Considering their respective financial positions (including debt levels) and growth potentials, I know which company I prefer.
SEA Price at posting:
$1.05 Sentiment: LT Buy Disclosure: Held