WestFire Energy Ltd T.WFE

RE: Interesting approach

[MTPockets1]

This one has me scratching my head – I seem to be doing that a lot these days. The deal was orchestrated by Sprott who had a lot invested in both companies. So what is behind that move? Does this accelerate the possibility of a take out? hmmm.

Scotia capital covers this stock and had them as a Sector Outperform and one year target of $11 before this – lets call it a merger. They’ll be providing an update tomorrow . It will be interesting to see their take.

 

I was picking up more at 7.57 today and will be adding more if it continues to drop.

MTP