GREY:PSLRF - Post by User
Comment by
bshort92on Jan 14, 2014 11:31am
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Post# 22089135
RE:$.235
RE:$.235
PXL might want to consider swapping out the 70 million fully diluted shares out for 7 million shares of TBE and have them assume the $46 million of debt. This $62 million transaction sells the firm for about $27K per flowing boe. TBE would get the 8 mboe reserves, the 13 K NG acres at Medicine Hat, the 36 K heavy oil acres around Lloydminster and the $95 million in tax pools.It might be the best option to saddle up with a dividend paying intermediate and get a return back to shareholders.