GREY:CLLZF - Post by User
Post by
planet51aon Aug 18, 2005 8:09am
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Post# 9427122
buy-out probability
buy-out probabilityI have been thinking for a long time about the way the company has set up Petrofila. They have made themselves a nice nest to fall into if they were to sell-off the Great Divide to a major, and keeping their conventional production in Saskatchewan as well as another "company maker" Exploration play in South America. Originally they were going to spin-out Petro to the shareholders but have not heard to much of that lately. Since Connacher will now be cash rich from the PP the Great Divide would be a good target for an asset hungry trust willing to pay a premium for long-term assets.
Just a thought
Planet