GREY:PENFF - Post by User
Post by
pennymaker69on Oct 20, 2011 6:03pm
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Post# 19168389
Hey pen will be taken out.. but Q is...
Hey pen will be taken out.. but Q is...What price. What you guys don't seem to get yet... The land is worth a ton of cash. Pennant will be bought out by DEI/CLT/CQE etc etc. It's just a matter of time now. So can you buy and hold for 1 year? Cause it will take time for them to drill this play. after 2-3 more wells then it's over for pen. They will be bought out. At least 1$ if not more. The more wells they drill the more the other company will have to pay. Could be 2$ a share or 3$...
It is just a matter of time and... what price.
But it's going to be way more than the current 30 cents! I am loaded up on this one. I am really looking forward to the take over. My friend told me they are planning on getting at least 3 more wells done on this area quickly. With the warrents in the money for pen they will have the cash for the next wells and of course income from these wells when it's all tied in.
I wonder if they will be like dei and spin off some of the other wells they have to make them more attractive to be bought out.
This is a easy 5-10 bagger min. Just gotta be willing to wait 1 year. (but it could be bought out way sooner if well #2 comes in)