On August 12th, news broke that Southwestern Energy (SWN) would be acquiring Montage Resources (MR) in an all-stock transaction aimed at growing Southwestern's Appalachia presence and generating what it hopes will be significant synergies for shareholders in the process. The move has been viewed with mixed feelings from investors, but at the end of the day the transaction is a logical one. Upon an assessment of Montage, though, it seems like its shareholders are walking away leaving a great deal of value on the table. In all practicality, Southwestern should have