BOUNCE

[Manti]

Photon: I considered that possibility (PIPES) with ERHE, but decided that it didn't add up. If somthing like that were going on, PXD and NBL wouldn't be locked in like they are. To me, the only scenario where all the puzzle pieces fit is the buy-in story. I suspect that whomever is making the offer is suppressing the price so that they can get a better deal. Had they let it go on awards to over a buck, a $2 offer wouldn't look nearly as good as it does at .40. My guess us the deal is going through schb, as they're the one's constantly on the bid. I'm in way way deep. Even added more at these levels. Unless the company shows me that they're not in this for the duration, I plan on this being my retirement stock. I can't think of anything I'd rather have in the bank than billions of barrels of sweet light crude. That being said, I think the price stays put for at least a few more weeks, then the offer will hit the table a few weeks before the psc's are finalized. I'm not going to be out of it when that happens.