GREY:ROAOF - Post by User
Post by
inthefieldon Mar 25, 2009 9:54am
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Post# 15868756
Maybe there is a clarification OIL want to make
Maybe there is a clarification OIL want to makeBeing that OIL is rebutting, to say it has not agreed.
If the deal was on the table yesterday, OIL could not make the statement they made requested by the trading monitors.
READ THE HEADLINE CAREFULLY Premier Offers $505 Million for Oilexco North Sea`` . No where in the news release does it mention OIL`s comments or response. With rising oil prices expected to go through $60 shortly, hungery vultures will be looking to schuttle the deal, and take there own shot at it.
It would be logical for the halt to come after close yesterday, if in fact OIL has agreed to the sale. Releasing news that is unaware of any activities that should affect the price rise, would have be as good a time as any for the halt.
That would be necessary for OIL would have known yesterday that they had to release today. Infact OIL made a realease denying any knowledge of a rise in stock value. The plot thickens. I say there will be a stampede of buyers when the feathers hit the fan.