In fairness to sean and dr slicer,i dont believe they have made any pretence about their position.Unless i missed it,i dont recall them ever saying they were long,so i accept they are probably open about being short.No matter what,they just are here to attack Pantheon and clearly cbaron and tony know that.
Both sean and slicer are diving in to support cbaron and tonynorstrum,why wouldnt they,as they all appear to be on the same side of the boat.
If tony and cbaron are actually long as they claim to be, from previous postings they have both suggested their breakeven is considerably north of 25 p[happy to be corrected], so unless they are very stupid ,why would they want to create an environment where the focus is on a share price that is less than their breakeven and a share price calculation that doesnt have the backing of a named bona fide expert and lacks much nuance ???
The price of something can also be affected and determined by what a buyer may need in his portfolio that he doesnt already have but really desires and the accompanying expert team and data that goes along with that purchase.How many other North slope explorers have Pantheon,s contingent resources,expert team and proprietary data ?
As i have said before,USA producers have seen much of the low hanging fruit in the Permian probably dry up.
Offshore drilling in Gulf of America is incredibly expensive[roughly speaking in the 400 usd k,s per day to charter a deep water drill unit and usually you have to commit to hire such units for at least a year]and again the low hanging fruit seems to have gone,hence why so few discoveries of any significance and commercial size are reported these days.
So from a domestic stand point,the USA producers only have Alaska as a realistic large scale target to allow them to replace their existing depleting portfolios.
Final Price may also be adjusted because one buyer doesnt want another buyer to have it or one buyer knows that the other buyer really wants it,so they bid it higher than it,s perceived value and then withdraw knowing their competitor consequently paid too much ,leaving his project in far stronger breakeven footing.
It is possible that a buyer may desire Pantheon,s acreage because its a land link to what he already owns or plans to own in the future ,so he can link the leases and reduce his capex.
Price improvements could also come by way of Pantheons proprietary seismic data,plus dont forget Pantheon,s current on going deep dive analysis of that data using new technology which will provide far greater granular results,which too will be proprietary to Pantheon and could be extremely valuable to local lease owners who have no such data and maybe working at best partially sighted.
Finally,there is the question of new and highly efficient methods to develop tight oil.Look at what Exxon have achieved using their proprietary system of petcoke to greater enhance extraction that not only improves increased volumes of extract