As prices get cheaper here... and we dont know for how long.The likelihood of takeover, at least to me increases.
At these prices, merger would be interesting to me..
Parex is around 11.50... not sure if there is merit
in that situation, but if Vetra is going to keep its hand
going forward, then the best opp for the best gains
in my books, is either a merge or takeover.. We still
dont know when wells might be spudded, just estimates.
Id like more certainty, but maybe thats just me.