Post by
hobicat on Mar 03, 2014 8:33am
Reality
Well I do not want to give up my shares either for less than what I paid for them. But the reality is that aproximately half of this company was just sold for $4.45 and other shares on the open market for even less. All of these buyers stand to make a profit for whatever is offered. The long term shareholders are in the minority and actually wont have much say in the matter.
Comment by
jd43xl on Mar 03, 2014 8:38am
Those cheap shares SGY bought make it easier for them to offer a premium for the remainder. And with Canadian light oil prices around $110, and nat gas prices high, they would be wise to make an offer asap.