RE:RE:Eric Nuttall 9.9% StakeI would expect there are more than 2 potential bids. It's way cheaper to buy than build ATH assets not to mention the hysteria associated with oil sands. There could be a private equity group that can offer cash. If someone would lend me $100 million I'd do it. There are also at least 2 companies looking at a share exchange offer. No oil exec wants to be any more beholden to those f&cker banks than they absolutely have to so bridge financing for a cash offer seems less likely to me than a share exchange. Eric would be happy to oblige and swap for higher quality stock as long as it's not a name he already owns. He is prohibited from buying 10% of his fund ( not the same as 10% of the company) but that is at the time of purchase only so if an exchange results in going over 10% he won't be forced to sell.
Oil2018 wrote: In regards to a major taking ath over..... Timing will it occur if market gets worse or better? What would it look like for shareholders? Understanding its difficult to forecast but lots of informed posters here. Regards