RE:Flowing Barrel......guelph1 wrote: Interesting to read the take over comments. If you refer back to some of the previous industry takeovers, most were offered somehere in the neighbourhood of $50K - $59K/flowing barrel, with that said if we take the average daily output times the above (assume 34K) and divide that by the number of outstanding shares (572MM), one calulate a take over price range of somehere between $2.97 - $3.50. I understand there are a lot of "if, buts and ands to this theory. Just my thoughts........
Yes, but what about the Tax Pools ?
They have atleast 3billion in Tax pools , that should add 1 to 1.5$ to the stock price .
Its a easy 5$