Post by
perdikaoilgas on Nov 30, 2015 11:25am
After FOS deal, PDQ 's deal is coming
Good deal for FOS shareholders. FOS sold its cash with a 5% discount to Petrus.
Now, PDQ (Petrodorado) is coming next. PDQ's cash and cash equivalents and marketable securities and US$3M (two remaining installments from Amerisur) now translate into about C$0.54/share. Let's see how much PDQ will sell its cash. PDQ's proposed deal will be announced in the next weeks and before the AGM of January 2016.
Comment by
perdikaoilgas on Nov 30, 2015 12:11pm
FOS deal follows the recent SWD.V and PDM.V all-stock deals. Fortunately, M&A activity is not dead in this energy downturn.
Comment by
perdikaoilgas on Dec 01, 2015 9:38am
Keep also a close eye on TPL (Tethys Petroleum). It has an offer at C$0.17/share and the company is in talks with the suitor. The first phase (financing) was completed successfully one week ago. The second phase is expected to complete within the next two weeks. If everything goes according to the plan, TPL is bought out at C$0.17/share by OLISOL.