RE:M&A: The next takeover targets in North Americainvest99 wrote: I think we are all looking for the next takeover targets now that the oil tide has turned. The undervalued takeover targets can yield 100%. And I think Yoho Resources (YO) and Newport Exploration (NWX) are the next ones.
YO now trades for less than C$1 per MMBoe of 2P Reserves although all the Montney deals take place for about C$10 per MMboe. And it will be bought out by its Montney neighbors, according to several indicators.
NWX is a royalty company and is piling up cash every quarter from its oil and gas royalties in the prolific Cooper Basin in Australia and its current EV (Market cap - cash) is just C$10M. And Beach and Santos will ramp up their production from NWX properties in 2016. And either Beach or Santos will most likely make an offer for NWX. They hate giving royalties every single quarter to NWX.
Both YO and NWX are debt-free.
Both YO and NWX insiders own more than 20%.
do your dd and gl.
https://www.newport-exploration.com/s/news-releases.asp#y2016
https://www.yohoresources.ca/
Wow pathetic when you have to post this on so many bb , get a life bud Nwx nobody is gonna touch because managment is not to be trusted.