RE:RE:RE:RE:RE:Still chirping away over the carcass of “the offer” are we?Not sure what hole your head is in bud, but it must be very dark in there?
I would suggest all oil stocks are up because the price of oil has soared. BNE's fcf is about to skyrocket, nothing to do with OBE pulling us up.
George has always said he would not just give away the oil at a low price. If the price increases continue, expect capex to rise.
PS: most BNE shareholders don't care what you think. Time to realize you were turned down by the wedding proposal and stop begging please, please lets do it.
Hendrick3 wrote: I am confused as why shareholders of BNE are acting so surly about what's going on. Your stock price is being pulled up by the OBE offer. As OBE rises with commodity prices, your stock goes up too because there is that option to take the deal that buoys the BNE stock price. No one is being forced to tender their shares although there is a premium and I am sure some shareholders wonder what happens if the deal doesn't happen.
I think the real interesting situation happens when the companies release their results and outlook. Both companies are going up whether they merge or not so really no downside.