RE: RE: Offers pipe dream
Just a- not meant to be offensive- question?
I understand your wanting to take a take some or all of your profits in CTE , but since you also indicated that you will be buying/ investing a portion of your investment capital in AOI ( Africa Oil) "in three stages" as you describe it, why do this? Why not just wait for the deal to go through and that portion of your CTE shares you wish to convert into AOI shares would happen automatically, no? Am I missing something? Also, I'm not suggesting the trade is wrong; I'm just trying to understand it is all.
Also, I expect that until this deal is concluded, the market makers will keep price fluctuations between the two stocks in check allowing little if any relative price change between them so there would likely be no arbitrage play here.
I agree that AOI is the place to be in the future & I do hold shares in both Centric Energy & Africa Oil (AOI). Even Cnooc has expressed interest in working with Tullow & AOI as both companies seem to enjoy excellent reputations. Here's to future profits in AOI !