OTCPK:PDPYF - Post by User
Comment by
marketdivaon Mar 22, 2017 5:09pm
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Post# 26016667
RE:Who has the hammer?
RE:Who has the hammer?roscoe74 wrote: UGR only drilled one well in 2016, has a lot of unfilled processing and transport capacity to pay for and have to pay for higher DCET costs than PPY. At first glance it looks like PPY could strike a better deal unless UGR has another bidder. If UGR does not sell, Arc/Ev will have to put up a lot of cash to keep on keeping on. In any deal, one has to be prepared to walk away and this surprise deal has the smell of collusion to it. PPY needs to plant the axe in UGR's desk before Macdonald et al plant the axe in Ward's desk instead.
Yeah taking into consideration macdonalds position /expertise / and sole.motivation to increase shareholder returns. ...considering the opinions of the more knowledgeable posters on here ...looking at the markets response to this deal ...I must conclude the same .... renegotiate better terms or I vote no