RE: Takeover Most Likely.9 Jan 2021 22:00
Gino, I don't think your rationale stacks up. The reason the sp tumbled was a combination of reserves downgrade and price of oil, which in turn affects expected future cashflow / operating life.
I don't see this as a "for me" issue. All the re-modelling and CPR work is being done for a reason, which combined with higher oil price, will hopefully very substantially boost reserves and demonstrate the field has a long life.