RE:New to Stock - thinking they will get revised offer Just to let you know that there won't be some other entity, because the majority shareholder already owns 67%. If the initial deal fails, stock price will likely fall back to $1.85. That's the risk you need consider. $2.55 is 10 cents up from $2.45 and $1.85 is 60 cents down.
From the factual point of view, the kick in the shins is that, there is no definitive agreement reached.
schocor wrote: So I am new to this stock - I get attracted to companies with cash buyout offers on the table. CHECK. Looking at this one - and reading some of the comments on here - I believe that management or some other entity will present minority shareholders with a revised offer in 2-3 weeks time. Any thoughts on who might be interested - neighbors in their focus areas or heavy oil producer with deep pockets? Appreciate all smart comments - nut not smarty pants.