Post by
RIG500 on Feb 07, 2014 10:41am
M&A Activity behind the scenes?
I think there's something going on behind the scenes, missing their date is most likely not because of more bad news. The bad news to begin with was nothing spectacular, a bunch of CHOPS wells experienced water breaktrhough resulting in switching them to HVL and declines outpacing additions.
Big deal!
These CHOPS wells are EXPECTED to experience water breakthrough after a certain number of barrels is produced.
So here's my theory aka wishful thinking
IF they have a boring 2014 capex within CF, the news would already have been out. Nothing to wait on.
This potentially leaves us with a delay in an announcement because negotiations are taking longer than expected.
Who will it be, TBE, GXE or RE? and how much will they pay?
Place your bets, a takeout offer @$0.50 is a double from here....
GLTA
Comment by
roscoe74 on Feb 07, 2014 11:35am
Hmm... Considering NAV at $1.58, unbooked potential at $2.31 and the fact that very few shares have traded at $.25, I doubt that shareholders will be enthused at an offer of $.50.