GREY:SOGAF - Post by User
Post by
perdikaoilgason Sep 03, 2014 4:18am
516 Views
Post# 22899995
STREAM OIL is acquired at C$0.67 !
STREAM OIL is acquired at C$0.67 ! A very good return for those who bought SKO when I recommended it below C$0.5 a couple of weeks ago.
I also recommend Petroamerica (PTA) at C$0.4 - C$0.41 per share.
PTA is a strong buy at these levels.
I quote:
On a per share basis, each common share of Stream would be exchanged for 0.05657 common shares of TransAtlantic, which values each common share of Stream at C$0.67 per share based on TransAtlantic's 10-day volume weighted average price ("VWAP") of US$10.89 as of market close on Friday, August 29, 2014. The C$0.67 per share value represents a 43% premium to Stream's 10-day VWAP of C$0.47 as of market close on Friday, August 29, 2014. The agreement provides that C$0.57 per Stream common share, or 0.04812 common shares of TransAtlantic, would be issued at closing and an additional C$0.10 per Stream common share, or 0.00845 common shares of TransAtlantic, would be issued in the event that certain amendments to Stream's Albanian license agreements are received within nine months of the closing date.
Read more at https://www.stockhouse.com/news/press-releases/2014/09/03/transatlantic-petroleum-announces-agreement-to-acquire-stream-oil-gas-ltd-for#oi11rzqQqXf5OhmB.99