Re: This is how I see it
Runn's right...our debt and well situation is less than ideal. Whoever thought they'd shut in as many wells as they did? So I don't think any JV will look good on the surface unless the SC and Ashmore overhang is pushed out significantly (or removed). If either is the case, I think we get additional dilution but find ourselves stabilizing in the low teens. What happens after that is an open question, but I think news of drilling and increased production will give us all the room to get out of this quagmire at north of a quarter, which I think is still twice what any hypothetical takeout would be at this point.