RE:RE:Pacific Rubiales Open to Takeover Bid That ‘Makes Sense’Don't get too excited. This is from November 2014.
Shareprice @ $80 WTI would likely be in the low-mid teens. I would expect the company would accept a buyout based on an expectation for oil pricing in that range as a long term estimate. Of course, nobody is going to offer $12-$15/share at this point. So, there will be no friendly takeover offers.