RE:RE:RE:It's great to add inventory for sure but near term.. Yes, this is always the right call. Even if you want to sell, never sell on the day of the deal. Let the deal sink in and let the market digest it a bit, especially this market which is very jumpy.
I like the deal and believe the market is unduly punishing the stock today, so I am adding. Tis the nature of a stock that is 80% owned by retail.
I really hope it goes through. Ranger is 85% owned by institutions and they are not happy having their golden goose taken away from them and incorporated into a larger operation, so there are still some hurdles to clear to get it done on the Ranger side. Plus rumours of a white knight offer. I'm hoping they can make it happen.
AirBr72 wrote: I totally agree, last night I was wanting to sell everything at any cost out of anger, not smart.
This is exactly how we are all reading this, however adding a quality asset is never a bad play. Timing wise, nothing can get worse that what we have already been through. No matter how you slice it, looks like a bull run over the next few years, barring any possible short term crashes. Maybe I am just trying to make myself feel better ..... grrrr. We know how this will play out ... initial shock to stock price, the experts will weigh in, people will feel a bit better, stock slowly climbs back. (Lets hope)