ORLEN UPSTREAM / KCK PROPOSED TAKEOVER Oct.13/15 Dundee Energy Perf & Profit issued a detailed evaluation report pertaining to " ORLEN "proposed takeover offer of " KCK" in short & quote; We see NAV potential of > $ 12.45 / sh, a fraction of the cash offer price $ 4,75/sh Cdn.
Concluding Statenent QUOTE ;
We believe that " ORLENS " is getting a great deal for a proven producing MONTNEY asset w/ considerable upside within the confines of a decently capitalized balance sheet at a DISCOUNTED PRICE.
Since the takeover offer the daily trading vol. in "Kck" has been consistently & unusually high, churning,without significant imbalance . ANY OPINIONS ??
GLTA ...... TP