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Border Petroleum Ltd BOPFF

Border's new growth strategy is to target oil and gas assets that are characterized by reservoirs with proven reserves with low recovery factor to date. These assets allow for low risk development opportunities to increase production, cash flow and add reserve value. Border's corporate strategy will in return increase shareholder value and help build a strong stable cash flow and balance sheet.


GREY:BOPFF - Post by User

Bullboard Posts
Post by Oceans19on Jun 19, 2013 8:44am
536 Views
Post# 21541595

Border Petroleum bid date scheduled for June 27, 2

Border Petroleum bid date scheduled for June 27, 2

Border Petroleum Corp. ("Border") has retained Dundee Securities Ltd. ("Dundee") and Macquarie Capital Markets Canada Ltd. ("Macquarie") to advise on a process to identify potential strategic alternatives. Border is amenable to both asset level and corporate proposals. The bid date is scheduled for June 27, 2013.

This is a business man's bet. Macquerie's Net Asset Value calculation is .09/share and is currently trading at .015/share. Have a look at the previous mandates that Macquerie Tristone has completed:

https://www.macquarie.com/mgl/com/macquarietristone/services/transactions

They have put together some big deals. Border with a market cap of 5 Million at .015/share is peanuts and will likely fly under the radar until it is taken over. GLTA

Bullboard Posts