Interesting, I like the prospect of another J/V but a merger at these depressed share prices would be a rough way to go for near term shareholder value.
Still, Seitz has enough skin in the game with his own cash at stake and has consistently avoided self dealing so I’m confident he will take the best path forward
Any link to these rumors? Maybe its Delek continuing its fire sale to save and focus on their core business. It could be that its much easier for a larger company to find buyers for its assets, because if youre large you will be known and seen by many. In other words its better than if tiny Gspe would have to put out an add searching for a new partner.
If Gspe had their financing secured to do their part of Tau2 they as an operator might have forced Delek into chose between getting their act together or to let it go.
Lets just hope that its not another penny stock partner with 1musd market cap and zero chances to succeed.
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