GREY:TBTEF - Post by User
Post by
bshort92on Aug 05, 2009 4:08pm
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Post# 16193813
Deals are getting done!
Deals are getting done!Petrobank takes out TOG is a massive $2.2 billion deal. That isn't chump change but it illustrates that despite formidable pricing pressures and technical obstacles the market is ripe for a huge wave of consolidation and mergers to be had in the the Canadian Intermediate and Jr E&P space. If you snoooze you loose and sitting back is not what any oufit should be doing in this bad macro environment. Smart and savvy operators have a chance to leverage their outfits with others into making future deals a win-win situation at the current price levels for energy. It takes skill and vision to craft and pull off a deal. Kudo's to TBE board member Paul Colborne, an influential principal in TOG, for making the Petrobank deal a success for TOG's shareholders. Now Paul please rub some of your karma onto this little jewel,TBE, that seems to sit neglected and undercovered by the investment community and analysts.