Re: Equal Energy extremely undervalued / liverless
Excellent point liverless; the catalyst is really the key here, a lot of investors are measuring EQU by the old yardstick and totally excluding the Mississippian catalyst.
as for your comment:
"The risk is that either the number they get for the acreage isn't that good, or that management does something stupid like deciding to sit on the acreage and leave the value unrealized."
I can tell you with a $0 valuation for that acreage in the market, the scope for disappointment is quite low in terms of realized valuation; as for the risk of them sitting on it, last Tuesday Don Klapko declared publicly that a farm out on the Mississippian will be announced in March.