GREY:LSTMF - Post by User
Comment by
raggetyjackon Jul 26, 2013 4:55am
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Post# 21631792
RE:Trioil
RE:TrioilMy take is LTS will buy TOL for 0.45 per share exchange ratio.
After purchase they will sell off the Pouce Coup assets to fund accelerated E&P program. There are numerous parties who would be interested in the Pouce Coup asset of TOL.
At a 0.45 exchange ration all parties are winners and with a asset sale of Pouce Coup it would ignite a fire under LTS shares.
If someone else is buying TOL, they will be taking all assets. I suspect the offering price would have to be $4.30 or more per share in cash under this scenario.
JMHO
GLA...