OTCPK:STVMF - Post by User
Post by
jackpinesavageon Dec 12, 2014 10:08am
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Post# 23223307
M&A ACTIVITY:
M&A ACTIVITY:Todays news that Repsol is in negotiation to acquire
Talisman is a positive for Canadian drillers.
Larger oil services companies will look to pick up
choice assets as the per barrel price declines.
Savanna announced cost cutting measures to deal
with the current market conditions, but intends to
complete its build of several new workover rigs in 2015.
I believe SVY is oversold at the current level and is
worth 3-4 times the current sp.