RE:M&A Activity Heating UP Obe is valued at around $30,000 per flowing barrel which is extremely undervalued. It's likely momentum selling playing off the blind shareholders who somehow didn't see the compensation charge coming and now are acting indignant. Pro tip: don't publicly bash the stocks you own especially if you are planning on selling.
As a result, we now have the cheapest stock in a red hot segment. By the way the tax pools of $2.5 billion that we have are worth about $6 per share so yes this is a very likely acquisition target at current prices.
I have been buying and so have many friends and family. It may be the last chance for under $10Cdn. And in 6 months it may be in the $20's which is where it should be to have a comparable value to other players in the sector.