GREY:PCCLF - Post by User
Comment by
mike49on Jan 27, 2016 10:25pm
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Post# 24500318
RE:RE:RE:Case has also been buying
RE:RE:RE:Case has also been buyingpart of this might have been to support share price of the new entity.lots of people sell after change of control is triggered and todays market is a little different than the one of 1 month ago.
there may be a bunch of petrus holders who want to get out for whatever reason and now they will have an avenue to do that so someone has to hold the fort.
have to admit,i thought that the merge would get dragged out a bit to see if oil firmed up.don't know what will happen first week here except too late now.
i know petrus from the field-i encourage phoscan shareholders to read the telephone sized book they got in the mail re the merger.a minimal(considering) change of control expense re insiders and mngt at petrus that lives within it's means.there is focus here.
petrus might have stretched the spandex getting too frisky in the past but they are smart operators and i see a bigger move here come summer.