GREY:BEEHF - Post by User
Post by
2stereoon Apr 26, 2013 2:36pm
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Post# 21306874
Well this guy sees a buck
Well this guy sees a buck Moving to news on junior markets in Canada, Casimir Capital's Ryan Galloway left his speculative buy rating and 90-cent price target on Cub Energy (CVE:KUB) intact after the oil and gas company announced its offer to acquire Anatolia Energy (CVE:AEE) as a means to boost exposure to Turkish oil shale and conventional assets.
Cub, which also released year-end results that were in line with Casimir's expectations, filed an arrangement agreement to acquire all outstanding shares of Anatolia - a southeast Turkey-based exploration and production company - in a deal valued at $3.2 million. The offer consists of 0.106 shares of Cub per Anatolia share, valuing Anatolia at around 2.4 cents per share.