RE:Pipestone Oil CorpCan you post the link to the 'guy on the IBR board'?
Casperwy17 wrote: Some guy over on the IBR board is claiming to be hearing rumors that Pipestone is in negotiations to buy us out. I have tried to get him to back that claim up, but so far he is just posting bs.<br /> <br /> The problem from what I see is that Pipestone has no need or desire to go public, so doing a deal with BBI would have no benefit from that perspective. From a land base angle, it would make sense. But if Pipestone did make an offer, it would likely be just cash, which brings up the question of how much they would pay?<br /> <br /> Personally, IMO, this would be a terrible time for BBI to sell out. We have just started a new and major drilling campaign, and will be ramping up production big time in less than 12 months. Our value will be much higher when that kicks in.<br /> <br /> After all the loyal BBI shareholders have been through, BBI had better let us benefit from hanging on through the tough times.<br /> <br /> But we do need to hear what solution they have for financing the drilling over the next 10 months. Once that issue is put to bed, I could see a decent run in the share price, as drilling, completion, and testing results come streaming in.