OTCPK:TLSMF - Post by User
Post by
Oregonduckon Nov 19, 2013 3:47pm
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Post# 21920457
TLM vs. Peers
TLM vs. PeersNot a particularly good day for TLM against similar O & G companies. ECA has climbed $1.50 in the last 4 sessions vs. a drop in TLM. In the last week, Canaccord has re-rated TLM as a buy upping the target price to $16.50. Credit Suisse First Boston, which holds slightly less than 5% toehold interest in TLM, also has a buy on the stock. Any buyer holding more than 5% will have to make a SEC filing. Credit Suisse had acted as a M & A firm for many acquiring companies incl. Sinopec & CNOOC.
https://www.macroaxis.com/invest/compare/CNQ.TO,CPG.TO,ECA.TO,TLM.TO,MEG.TO,PRE.TO,TET.TO
Investopedia explains 'Toehold Purchase'
Companies are free to purchase up to less than 5% of any company. But once a company purchases 5% or more of another company, the acquirer must file a form 13D with the SEC and explain to the target firm in writing the reason for the purchase of 5% or more of its stock. Filing a form 13D additionally notifies the public of what the company is intending to do with its toehold purchase, and may be a precursor to a hostile takeover