RE: CBU up 33% !!! quiet board! > All has been...mainly said...
I guess all the people around here had mainly accumulated in the .15 - 0.16 range, waiting for a confirmation things were clear ahead for the deal with JDO.
The SP increased in light of the 10/1 ratio with JDO which was offering a +40% discount to JED Oil's trading price. We're still trading at discount when looking at JDO which closed at 2.31USD today, meaning if fully valued, CBU should range $0.24 to $.245CDN.
JDO is currently doing well, so no rush to sell - I bet I will see JDO in the 2.60 - 2.70 range soon, just adding to CBU's value...
MY1