GREY:ROAOF - Post by User
Post by
fdfd55on Oct 04, 2008 12:14pm
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Post# 15504796
Not a takeover at these levels
Not a takeover at these levelsbecause, a takeover is usually done at a 40% premium.
That means the price would be $11 for a takeover.
OIL would NEVER accept that so it won't get taken over.
If a CEO bids $20 for a $7.85 company, then they get automatically FIRED.
OIL has to get to $15 before getting taken out at $22.
ALSO
good40 is right, all this company done for the past year is guided down their production.
non stop guiding lower.
How can they say they have 17K boe and will do 45K boe at end of year.
They of course guided down.