RE:RE:Selling priceLucasKnight wrote: The key question is if Pipestone will purchase at $0.35/ps and not the current market price of $0.20/ps. This is a huge discount and anybody can tell you that if this stays where it is - or goes lower - and without any repercussions in the agreement, there will be a repricing. Additionally, why are the insiders selling if this is a done deal at higher prices?
What a screw up by Garth and his team...even Marin - who holds millions in this - is hoping to bail out. Hubris....
sailandtail wrote: After skimming through the agreement booklet, I still can not nail down the price. Agreement says .34 which I can live with but people are of the opinion that it will be sold at market value. The office does not answer either phone or email. Now it looks to me like we have been dealing with a USED CAR SALEMAN instead of a oil executive.
- it was confirmed 10 days ago that the price of 0.34 stands and it will be like that. A deal is a deal.
- Insiders sellign? Are you talking about one person who is selling shares worth 3.000 CAN? That can´t b described as insider selling and dont put a plural on it when it is one single person with a minor minor amount.
And I would suggest to think about where BBI would stand now without the deal with Pipestone. The deal was made a couple of days before condesate prices where also inflected by the current canadian mismanagment of resources from the government. Condensate prices will come up for sure. BBI would be trading in the 0.25 CAN range right now without the pipestone deal and would be in a super critical situation regarding cash. Now we have a clear path to 15.000+ boed next year and 30.0000 boed in 2-3 years. It wasn´t the cinderella story we dreamed about but there is still huge upside in this stock. Just keep in mind that the largest financing was done at 0.55 CAN.