Don't want to get to far ahead here until proven up. While a $20 - $25 takeover would be nice I would encourage you all to read up on the history of Ultra Petroleum. Marc Bruner ( excellent land guy, terrible developer) founded the company and made a brilliant land deal with the Jonah and Pinedale plays (long story but Bruner almost bust the company and got turfed). They hold 100,000 acres net and have proven up 2.3 TCF to date. Stock hit a high of $102 earlier this year and is trading in the $45 range now. Total float is 150 million so about 25% less than QEC. Their success didn't come overnite but once they got rolling the ascent was rapid.

www.ultrapetroleum.com

Grab a few sheets of Bounty to wipe up the drool while reading the history of UPL. A $20 to $25 takeover today may seem like a far fetch but after reading this you may think this could be low.