OTCPK:VGIPF - Post by User
Post by
Exomaxon Apr 18, 2013 5:20pm
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Post# 21272366
Maybe a touch over dramatic?
Maybe a touch over dramatic? CPG bought Ute Energy Upstream Holdings LLC in 4Q 2012 for basically $800 M, an 8,000 bboe/d producer, granted it's in Utah so closer to the Texas refineries but I'd say that's pretty comparable to RPL. A similar deal involving our favourite stock would mean a takeover price of 4$/share. Bring it on! But to be honest if your DD said this thing was good pre-histeria 4 weeks ago and nothing substantial has changed what are we all worried about? If it's $10 sp in 10 years are you really going to complain? Think like WB. https://www.calgaryherald.com/business/Crescent+Point+eyes+oilbyrail+options+Utah/8098895/story.html https://www.bloomberg.com/news/2012-11-01/crescent-point-agrees-to-buy-ute-energy-for-784-million-1-.html