GREY:LSTMF - Post by User
Comment by
jdn55on Dec 08, 2012 5:36pm
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Post# 20703330
RE: Nexen& Petronas
RE: Nexen& Petronas Any deal activity is positive and I think PBN is now a very viable takeover target since were losing the PBG yolk. I hated that corporate structure. PBN is very undervalued and will be even more so if we hit our Q4 exit production targets. We should get a good bounce once we get past tax loss selling and fiscal cliff issues and if we hit our production targets I see us moving back into $17 -$18 range and maybe higher if overall market sentiments improve. The other thing I like about PBN is their recent land acquisition dealings which are the icing on the cake.
GLTA