GREY:BNKPF - Post by User
Comment by
BrokerGon Jun 14, 2019 2:05pm
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Post# 29827032
RE:It's time to get an update from this company
RE:It's time to get an update from this companyI found this a bit interesting: Market News today:
" The $38 billion take over by Anadarko by Occidental Petroleum last month increased speculation that there will be an M&A spree among companies exploring for oil in the Permian Basin. However, major producers such as Exxon Mobil have said that they are cautious about buying smaller rivals as sellers are demanding too much money"
I know we are not in the Permian but it shows that Exxon can easily wait for the smaller firms to get desparate before they have to buy.
Unfortunetaly, cougar3 may be right, and we are looking at a severly reduced take over price of .40 to .45 cents. Given our NPV at a 10% discount rate is $1.50 per share, that is one hell of a deal for Exxon.