Post by
farml1234 on May 09, 2021 8:24pm
Now ROE is out of debt
Now it is time for RECO to up the offer , a 100 % premium would be more fitting
Comment by
AUborealis on May 09, 2021 8:56pm
The RECO offer most likely anticipated the full conversion...and dilution...along with the ongoing liabilities of ROE in Mexico. As things progress (years), and the Mexican assets are absorbed by RECO, I wouldn't be surprised to see a ROE V2.0 spun out some time down the road when the Mexican situation normalizes along more recognized industry standards.
Comment by
Ebenizer3 on May 18, 2021 10:29am
https://www.lexology.com/library/detail.aspx?g=4f6d19fc-809d-419d-ac2d-59344fb40dee
Comment by
Ebenizer3 on May 18, 2021 9:43pm
https://www.reuters.com/business/energy/us-oil-service-group-seeks-100-million-mexico-arbitration-claim-2021-05-18/
Comment by
Ebenizer3 on May 11, 2021 8:53am
https://www.bloomberg.com/news/articles/2021-05-10/cash-strapped-pemex-delays-payments-to-some-private-oil-partners
Comment by
Ebenizer3 on May 15, 2021 8:33am
https://www.newswire.ca/news-releases/renaissance-completion-of-conversion-in-full-of-convertible-debentures-892155873.html
Comment by
derpa on May 16, 2021 5:58am
I watched an interview with Scot Evans (https://www.youtube.com/watch?app=desktop&v=jyS59jgMgiU) where he says that they anticipate that Botswana will add 20% to the oil & gas resource of Namibia. Now they are buying up ROE through an 11% dilution only. Plus nothing for the Mexican assets. So I agree that they should pretty much double their exchange ratio offer.
Comment by
Galaxym31 on May 16, 2021 9:39am
Maybe a whale will go after ROE , NICE ENTRY MOVE imo .
Comment by
Matteo1234 on May 16, 2021 10:13am
I think there is a clause in there. If they don't merge. No deal