Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Petrox Resources Corp V.PTC

Petrox Resources Corp. is a Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. The Company’s lands are focused on light oil plays in Western Canada. It has a 100% working interest in approximately 110 acres in the Nisku Formation (D-2H pool). It also has a 100% working interest in approximately 680 acres in the Tilston Formation with a production of approximately 24 barrels of oil equivalent per day (boe/d).


TSXV:PTC - Post by User

Bullboard Posts
Post by lufkin1961on Feb 22, 2008 2:23pm
81 Views
Post# 14529113

TECK posturing

TECK posturingI am purely speculating about TECK and their position vis-a-vis PTC, but have been half way expecting something like this: "we will buy your 26% for $3/share (or $2/share!) or we walk away". They will try some other tactic to act scared and low ball an offer in order to try and create more panic in hopes of getting a pro-Teck bias before the March 31st deadline. Speculation on my part, but TECK has certainly prolonged this ordeal to their own detriment in my opinion and now they are stuck with the dilemma they created.
Bullboard Posts