RE:RE:Vote of ConfidenceWell I once thought a 3:1 share exchange would be fair, but i am not sure that is the case anymore.
Nuvista is the perfect fit for POU, and really owning 17 percent of the shares, they are already getting the stock at roughly a 20% discount considering the fact they bought a lot of those shares in the 60 cent range.
When NVA starts buying it share back, i could see the price perk up into the 15 dollar range, based on the buyback.
NVA is on a steady track to 90,000 boe a day, and had multiple years of resouce available. 30 years.
I would say $20 dollars a share if the takeout was 2022, and 25 dollars a share once they hit 90,000 boe and buy back 10% of the float, sometime in 2023.
This may be a mix of share exchange, cash, etc.
Considering POU already owns 37 million shares they are getting a big discount, almost 17% is my guess already.
IMHO