TSXV:NORA.H - Post by User
Comment by
Ihateshareson Mar 16, 2012 9:20pm
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Post# 19683874
RE: RE: RE: RE: Time Running Out For PAA
RE: RE: RE: RE: Time Running Out For PAA Jimmy, I would agree that OK might give an extension if PAA wanted more time to finalise an offer. But there is also the chance that OK does not give an extension as the extension is designed to allow additional time for a FS to be completed and not a bid. Remember Cope believes completion of the FS is not going to happen so PAA needs to get a move on.
My guess is PAA will wait for the new 43-101 to be released and then start negotiations which may or may not need the 3 month extension to allow negotiations to be completed.
If Cope is correct and PAA is several months away from a FS, then PAA will have to seal a deal on OK's terms, not much longer to wait. PS. Happy Paddy's Day to all my Canadian friends.