RE: RE: RE: halted Great news today!!!
All of the problems I spoke of earlier this month are gone. Relatively speaking, excellent cash position, great land position, good production and tons of opportunities ahead.
From a CHX shareholder perspective, .60 per share is a nice premium on the current share price but a discount on the value of its assets. As a newly formed company, Spyglass will be able to be able to develop in a way that CHX couldn't. This merger should benefit all involved.
I am with Shambano, I though CHX would be rallying a little harder than it is but perhaps people are thinking of the nasty ride it has been on and need some time to digest what is really happening.
The market really seems to like dividend paying oil and gas these days and market cap wise, Spyglass should certainly elicit a response from many previously uninterested investors. A big rally in the coming months is certainly not out of the question.
I bought more :)