Longview Oil Corp LGVWF

SGY post

[Kings_kid]

Good morning!

I'm a SGY shareholder and currently own about 8,000 shares and have been holding for about a year.  This morning I posted the following on the SGY bullboard and as a LNV shareholder i'm wondering what your thoughts are?

"I posted when all these rumors started that I thought LNV would be a good strategic purchase. I still think the full purchase of the company for a 1:1 share exchange is a great deal for both companies. SGY already has almost 20% of the company at a great discount. I know the 1:1 really would depend on the share price at the exchange to give us a true value, however I think the current price would be very fair. If SGY issues a 1:1 deal at 5.90, with the discount that would be a nice premium for shareholders of LNV as well as a bit of a discount for SGY, given that the actually price would be about 5.62/share.

I believe there is the potential for great benefit for both companies and after the potential merger, great efficiencies and a company that is big enough to really get noticed on the TSX. The future looks very bright, regardless if they buy LNV or not. Given the discount of the shares we have already purchased at a discount and the 9% div those shares will pay SGY, this is a win win! A great deal by Paul, even better than I had hoped for!

Good luck to all the longs!

Kid"


Good morning!

I'm a SGY share holder, not a huge holding but about 8,000 shares.  This morning I posted on the SGY bullboards, and i'm wandering what your thoughts are as a LNV share holder?  Please see below:

[Whatwasmyname]

I have over 20.000 shares of LNV and I agree with a one to one for SGY at 5.90.  It would be a win post merger and uncertainty gone and sp will head  higher ... get it done

[Nawaralsaadi]

Kid, It is worth noting SGY has acquired 20% of LNV on the cheap at $4.45. Thus an actual 1:1 swap would entail paying around 1.05 for each LNV float share or $6.2 per share. At 1.05, SGY total payment would be: 0.198 x $4.45 = 88c 0.802 x $6.2 = $4.97   Total: $5.85 effective price paid for each LNV share.   Regards, Nawar

[Kings_kid]

Glad to hear you agree whatsmyname!  Hopefully look forward to some colaberation with you on the SGY bord. Nawar, I completed the same calculation as yo, however just used $5.90/share vs you using $6.20/share.  Just makes our effective price paid different.  I feel the $5.90 is a fair number all the way around, but you differ and that's fair, we are all entitled to our

[Whatwasmyname]

If there is a 1:1 share swap with the SP volatility, it is moot but will immediately elevate LNV to a shade below SGY's price whatever it is nobody can tell but we can guess it will be over $6 ... let us not forget SGY is 4 tines larger in capitalization and bigger is always  better in the oil patch and this merger will increase entity to 1.2 billion at least ...   Thanks kid be a

[taman1]

My 2 cents ... does it matter so long as it is a 1 to 1 share swap? ...It will be a win for both companies and after the merger as Nawar pointed out it will be synergistic as both will profit. LNV will exist as part of SGY with economies of scale and SGY will be stronger and we will be looking at $7 long term then ..n everyone will be happy with divs and share price appreciation like TOG ..lol I

[Seppelt]

I own both, SGY and LNV and happy to wait and see how it will all end. I am not sure if it is certain it will be 1:1. Otherwise, people would sell SGY for $5.90 and buy LNV for $5.40. At today's low interest rates, it would probably make sense for SGY to borrow and pay in cash, or cash and shares. Once the uncertainty of this transaction is over and SGY sells some unwanted non-core assets it&

[Whatwasmyname]

Exactly ..if it is cash it will not be higher than 5.75 I think simply because advantage just sold at $4.45, thats a 30% premium and don't think Colborne will risk wrath ... A share swap will mean better for us .. someone on the SGY board suggested even more SGY shares for one share of LNV ..I like that but looking at how the share price being traded I think we may only get 0.9 share of SGY ..

[Seppelt]

If I get $5.75 cash for my LNV, I use all proceed to buy SGY. As I said, once it's all over and dust settles, and SGY sells heavy oil Lloydminster assets, it's shares should recover. The street will also appreciate that Paul Colborne tricked it's peers by grabbing 20% for a ridicules $4.45 and then the rest. It's shares could easily trade above $7.

[ac0001]

No way I'm letting go of my share below 6.20$. The 30% premium that you talk qboiut is for a panic sale of AAR at 4.45$; It doesn't even relect the value of LNV.  Tell me why I should be giving my money away! ac0001

[Transat500]

I fully agree with AC0001. Look like some interests want to put their hands on LNV shares at a big discount relative to fair value.