RE:RE:RE:RE:RE:WTF...look at 3.60 sell order...I agree...I suspect BNE couldnt do a PP at 3 bucks of any time of size...
Still a tough overall market for juniors in Canada.
I still think OBE and BNE eventually merge.
OBE needs to get rid of peace river and the viking assets before they can take another run.
And it will take a hot market to unload both. Peace River is sellable with better oil but the legacy assets in some cases are probably worth zero. IE reclamation costs more then they cashflow.
OBE needs to unload some of this before coming back to the table.
It is telling that if merged OBE only would drill in willy and not Pembina...how
Retail investors need to get beyond 2015...it is 2021 and times are different....
baranja wrote: Probaly OBE related. Keeping it at 2:1
Tim14235 wrote: Seller probably has motive because like you said, with daily volume, no sane seller would do this.
equity offerings seem to be thawing out. Would be masterful of Fink to execute anywhere near this price as I feel it is fully valued.
I would think a new equity investor would want a new story though. investing big money in its current state with 80 year old Fink seems suspect