posted June 25, 2022 10:33 am by radcat
(45)
I can't recall ever seeing a buyout where only the acquiree is on the hook for defaulting on a deal. Without the acquireor being held to the same standard, there doesn't appear to be a penalty
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posted June 23, 2022 11:09 pm by dowd
(4)
Radcat, I also looked through the purchase and sale agreement for this information and couldn't find any termnination fee in the case of a buyer default. Also, I did not see a deposit paid? So, my
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posted June 23, 2022 09:00 pm by nozzpack
(2015)
This deal was originated in late fall 2021 when oil prices were below $ 60. Oil rose in a spike in late March and is now retreating somewhat. Then, there is the substantial excess profits when oil is
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posted June 23, 2022 04:44 pm by radcat
(45)
If Pan Orient pulls out of the deal should they get a better offer we would have to pay a termination fee. What if Dialog were to pull out? With oil prices now heading lower I wonder if this is a
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posted June 21, 2022 10:41 pm by bullhorn3
(54)
US$650K to Moyes & Co. is part of the selling cost.
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posted June 21, 2022 09:01 pm by bullhorn3
(54)
If the last quarter was any indication, POE should be making money, so if the sale takes place in September, say, POE should accumulate some $M in cash which I will call "June-Sept cash"
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posted June 21, 2022 10:09 am by nozzpack
(2015)
My apologies for that computational error. Done mentally very quickly and probably got the Carry function wrong.
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posted June 20, 2022 08:01 pm by Sudirman2
(1)
Nozzdude, you may want to re-calibrate the ol' abacus. .788/.77 does not equal 1.05$. Even in reverse polish notation, coming out to 1.02337 on the Hp12C.
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posted June 20, 2022 07:31 pm by nozzpack
(2015)
Two Canadian energy companies are in the short list for the 24th round of bids for new oil lesses. Good bet that POE is one and in typical fashion, will sell 50-% to be fully carried to first
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posted June 20, 2022 07:27 pm by nozzpack
(2015)
CAD today is 0.77 of USD. Our cash portion is now $1.05 per share. About $1.20 per share including seed capital for Sawn Lake. Zero value for Sawn Lake. Zero value for what POE has arranged for our
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posted June 20, 2022 01:40 pm by bullhorn3
(54)
No legal agreement can be made to acquire properties, restart Sawn Lake, etc. before the Aug 18 meeting, I suppose. But tentative agreements regarding such matters can be made, subject to approval on
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posted June 17, 2022 02:45 pm by radcat
(45)
$7,100,000.00 Sawn Lake cash / 49,800,000 shares = $0.1425 cents per share. POE shares are worth $1.17 today, and that is without any value for Sawn Lake assets which we all know is worth something. &
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posted June 17, 2022 02:32 pm by radcat
(45)
June 6th News Release: Excerpt: "A holder of a common share of Pan Orient will receive, for each such common share, cash consideration of USD $0.788 and one common share of CanAsia
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posted June 16, 2022 04:57 pm by nozzpack
(2015)
Rights offerings are usually offered exclusively to shareholders. Those shareholders have the right to exercise those rights for common shares ( ie non dilutive for the shareholder ) or sell them, as
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posted June 16, 2022 11:02 am by radcat
(45)
If they do decide to issue a rights offering, give exisitng shareholders first dibs... The markets are crashing while we have a bottom put in on our share price. If this keeps up we may have an
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posted June 15, 2022 06:06 pm by nozzpack
(2015)
Thank you for that Research Report and its insights on the incipient value of Sawn Lake. As previously posted, I view Sawn Lake as a substantive advanced asset whose realized value will be multiples
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posted June 15, 2022 04:04 pm by radcat
(45)
Oil and Gas E&P to Spin Out Assets Research Report Oil & Gas - Exploration & Production
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posted June 15, 2022 04:00 pm by radcat
(45)
I disagree. Since Canasia will have $7million along with Sawn Lake that amounts to $0.1406 cents cask per share. There hasn't been a value placed on our 200 million barrels yet. I agree the 620
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posted June 15, 2022 06:55 am by kelsterman69
(2)
Sweet! Why didn't you just say that the first time!? You were writing Radcat a love letter. Got it. Sorry I certainly don't think the cash, SAGD facility, patent(s) and 200
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