Comment by
Shlinker_ on Jan 23, 2013 3:06pm
We'll see, but Im guessing you can throw away all your theories on RRX. RRX would not be trading at 52 week highs imho. I assure you the current holders of RRX would want the SP lower than what it currently is due to the huge increase in outstanding shares. They'd be trading lower, not higher.
Comment by
Shlinker_ on Jan 23, 2013 3:08pm
Now on the other hand, we could see NVS do a reverse take-over of RRX...just like Guide did with Westfire. All shareholders there got the short end of the stick imho, yes, thats me too.
Comment by
jdgreat1 on Jan 23, 2013 3:40pm
Right now, it is trading at $3.40 as high as $3.44 on almost 600K volume. i think something is brewing....
Comment by
largeinvest on Jan 23, 2013 3:45pm
The RRX production is in the exact same area as NVS and yet the market values it at DOUBLE! In fact you could throw a stone from an RRX well and hit a NVS well that is how close they are.
Comment by
jdgreat1 on Jan 23, 2013 3:52pm
I just threw a real quick calucaltion (estimation, low end pricce). I believe that NVS worth $2 buck too. But if they want a deal now, $2 gives 100% premiue, that is what I don't believe. if deal happens now, 0.5 RRX sounds reasonable!
Comment by
luckythor on Jan 23, 2013 3:55pm
largeinvest, I agree with your statement and it appears to me that production boe's is comparable which should put NVS at an evaluation of 2.40 -2.70 if you are comparing apples to apples. For some reason the market thinks NVS is a lemon to RRX, an opinion that I do not share.
Comment by
jdgreat1 on Jan 23, 2013 4:37pm
Dec.18th, RRX bought deal (First Energy and Cormark as co-underwritesr)... The syndicate of underwriters was co-led by Peters & Co. Limited and FirstEnergy Capital Corp. and included, Dundee Securities Ltd., Desjardins Securities Inc., Paradigm Capital Inc., CIBC, National Bank Financial Inc., Cormark Securities Inc., and Scotia Capital Inc.