GREY:TRIAF - Post by User
Comment by
Steelhead15on Jul 14, 2013 9:00pm
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Post# 21606837
RE:Any opinions as to why so muted?
RE:Any opinions as to why so muted?I read one piece which said the low producers would fall in price as longer reach wells attracted more interest.
However, the oil bottleneck seems to be lifting finally. CA oil prices should go up and this raises companies like TOL.
I've owned several buyout targets and they rarely get more than 30%. Sometimes much less.
The tax break with TOL is very large, the PE is low, existing sites are derisked. I'd think a JV or buyout by an intermediate would make a lot of sense.