Are You Investing in an Industry That Could Destroy a Lot of Value?

When you're buying something that's less than a book, are you putting that in the same franchise class or is that more so buying something on like the assets or the less than tangible book? Right. So, it's the assets plus the free cash flow that's going to be generated. Then I don't mind that they buy a bunch of oil and natural gas with the cash that they generate. But for the most part, if they're buying, that's where a lot of the capital is going into.