RE:RE:B Warrants - Manipulation?That is reasonably possible, the thought process you have Green, and the same for you Hockey.
Really does beg the much bigger question, the large amount of warrants being exercised, not sure why one would want to sell for a very small profit, in the midst of this undervaluation. Parex to me is trading at a very healthy basis versus its NAV. So perhaps the time might be near for this type of merger consideration, as the pricing ratios are likely positive. It might be very beneficial for some of us to do some DD, and try and determine who may have taken large amounts of the debt and thus the warrants, as for this many warrants to be exercised, well that is definitely interesting.
And green I would suspect the boes coming from parex will be revised reasonably higher, as they are undertaking an extremely busy first quarter of activity, which should materially add to their production levels.