BUYOUT OF LFD?????Hello Everyone:
Thank-you for your post concerning Genel using $ 2.2 billion to make acquisitions in Kurds area.
Genel has 7 PSC contracts with partners, you can expect that the partners are all going to be bought out, case in point Longford Energy. What price is reasonable for LFD to sell and move on?
Say at $ 1.50 per share would be enough to get LFD management to agree to selling. This would be about a triple for Ahmed Said, and about 8X for geologist, about 5X for Soros and, 8x times for me.
Lack of news and confirmation by Genel of its intentions means that there must be alot of negotiating behind the screens.
All I can say is BETTER BUY NOW while it is quiet cause when news hits, it will be too late.
JMHO