Nice swap from EW to AAL, got to keep the money rotating. But I think now it's hard to lose on East West because the company has 5.5 cents in cash + equivalents(investments, NZ asset sale). At 6 cents you are getting upside on a million acres in Romania with a monster JV partner, so limited downside risk imo.
With the JV Romania deal, it's pretty good in that East West only pays it's 15% on producing wells, so the JV takes all the risk. With a million acres and a multi billion dollar partner, odds of them hitting some good wells are pretty good.
No problem, ask away. If I don't respond for a few days, my apologies as I don't check this site often.
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