Heads-up gang, StonePoint Energy (V.STO) is being bought
Guys....I don't have to tell you RMP is struggling right now.....all oil is really.
In no way am I suggesting you dump RMP to buy STO, but......
If you have some 'rainy day' money tucked away, you might want to look at position STO is in right now.
It closed today 5.5 cents before the acquisition NR hit.... the offer is currently 7.815 cents.
The asset value of the comapny is 14+ cents and most investors are way deeper than the current offer.
Additional offers will be required here.....do your DD and get in before the process advances.
Look for short and sweet on this.
This will go 12 - 14 cents.