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Connacher Oil & Gas Ltd CLLZF

Energy Oil & Gas Integrated
"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

Connacher Oil & Gas Ltd
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Comment by thianon Jan 23, 2012 6:46pm
728 Views
Post# 19439102

RE: RE: Price containment ?

RE: RE: Price containment ?

The premium for a buyout will relate to the current share price and the 20 Day Moving Average which climbes everyday.  I agree that a premium will have to be paid for "oil in the ground"  and that premium will be arourn 87% and 110% of the 20 Day Moving Average

 

I certainly will not support a bid that is below 2$.  I expect that if there is a hostile bid a White Knight will take advantage of any potential "low ball" bid. 

 

that is the way I view the situation at present

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Dealroom for high-potential pre-IPO opportunities