GREY:CRVNF - Post by User
Comment by
duckhouseon Jan 29, 2006 11:40pm
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Post# 10267560
RE: take over
RE: take over I would think there is someone sitting back watching the gas prices vs FE's stock price waiting for the pounce. From what I've been told there have been people (groups) in Find's board room going over the books for the last year, even J.C. made mention of this on ROB tv. Whether some were waiting for them to grow to a certain level, get the plant up and running or both, I still think a take out is emanate.
I haven't heard much about it for a while but in the early days of FE it was rumoured that one of the big trusts had a substantial piece of Find. If this were so, and say they owned up to 9% @ $1 ~ $2.00 they would have a pretty good advantage in taking out FE at a respectable price especially if there were a couple of suitors.
Now there is the financial institutions. With the shape Find is in, the deal makers are rumoured to be promoting the idea to take someone else out with existing production and land. Drill out a few more corners, shore up more reserves and then spin it off for some much bigger CA$H. This would probably be easier at this stage than selling it and starting a new co all over again (IMHO).
Needless to say there are several options and the oilsands aren't the only thing looking great in the future. Ontario is super green on their clean energy (gas = electricity) & let's not forget that Walmart sells air conditioners for $90 and every house in every major city in North America will have them on! Yes, a $90 air conditioner probably isn't very effecient. Do you realy think a company like Encana bet the farm on gas w/o knowing what they were doing?
Those are my thoughts, not yours ~ good day.