TriOil Resources Ltd TRIAF

PetroBakken

[Sonofmshade]

I must say I am more than a little surprised at the muted response to this. The media, the company and posters have all sort of yawned and moved on. Isn't this a pretty awesome development? I assume this means that we will get taken over(hopefully in a bidding war) at some point soon. Why is nobody excited?

[vendy007]

My lack of excitement is the fact that Petro is paying current share price, no premium and they are able to continue accumulating at no premium. What makes me think I will get a premium for my patience and investment which is more than today's price.. >

[shambano1]

the initial position gives PBN leverage and protects TOL from another company attempting a takeover but only to a point.  if another company wants to buy TOl and offers a high price PBN might tender and just make a profit on their investment or they can prevent a full takeover since they own more than 10%. I don't think PBN will make an offer any time soon and if their capital program

[brodiev]

I agree its good and bad. To me it can prevent anther company from coming in and making an offer. Maybe they dont want to get into a bidding war or are worried PBN will make it difficult. They are buying the shares in the open market so it hasnt driven the price up or created any extra value to current shareholders of Trioil.  It does benefit TOL also a far bit, PBN will drill up

[Sonofmshade]

I think it always works this way. Companies take a position with stealth buying up as many shares as cheaply as possible until they reach the threshold where they have to let the market know. Then eventually when they pull the trigger it will be for a much higher price to round up all the rest of the outstanding shares.