RE: Put it in perspective Yes, well said - any time there are large transactions like that - basically at new highs - it is a good thing. The valuation metrics here are very compelling. With the Liberal government in power and LNG terminals on the North Coast all but a given, someone has to do all this work. Why not go with an experienced operator such as Macro. I could see them easily adding a $1.00 in earnings/equity to the balance sheet getting them close to $3.00 equity per share and then throw a 3 handle on that making this a $9.00 stock ( call it $10 for round numbers ). The key issue I see is whether or not this company can scale up/expand for potential growth.
What an amazing opportunity for those who go in during the November 2012 acquisition.......an absolute slam dunk