RE: RE: Book value per share is $0.2793 So you are saying PFC jv with huge oil giant STATOIL from Norway is nothing of value, stupid gamble by Statoil. And then of course Heritage Oil ( another big co) buying up nearly 20% of PFC is another non event.
ROZ owns 4% of PFC and actually has more acreage , over 23 million acres, bigger acreage than many countries. I suspect the big volume of late on ROZ will be explained here in the next while.
Likely a buyout or merger with PFC involved. They are doing a strategic review, with merger or buyout a preferred move.