RE:RE:The Turkish Energy Forum PresentationI am long Vle and have bought some in the past in the 60 cent range. I was lucky enough to sell some just over $8 bucks. I hear some of these pie in sky numbers regarding a take over price for Vle and feel like I have to yell out, Don't count on it!! Anything is possible but realistically I'd expect a 3 or 4 bagger from here at the most.
I was in Abby Badwi's Rally Energy back in 2007. It was a darling energy stock back then. I heard take over numbers ranging from $20 to $30 dollars per share. Share holders did the math on the resource and came up with other wild buy out numbers.
The stock was trading in the mid $6 dollar range as I remember for the year prior to the buy out. The board of Directors sold it for a mere 15% premium. Buy out price was around $7.30 a share. I bet the Rally board of directors share price average was in 30 or 40 cents a share?
We have a partner, Equinor and they may be the ones to buy us out. I'm sure since the partnership began, relationships have matured and blossomed over time between the two companies. So if I am correct Vle will be sold for what ever the board of directors deems appropriate and then they will move on. IMHO.
'Im just trying to say dont stop dreaming, but be realistic as to where this may end when sold.