RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Deal done june 21st !I am not shorting anything. The current price is a great price to be buying. No one will be disappointed a year from now if they added shares any day this week.
When this deal was announced with more than 50% of Ranger shareholders already approving, it was immediately a done deal. The share price adjusted based on that information. The share price also dropped because WTI dropped under $70 a barrel.
I am definitely long. I think the price of oil is heading up and I think the increased cash flow should result in a big percent increase in the share price over the next year or two. It just won't happen immediately the day or the week when this merger is finalized.
Share prices move up when significant positive news is released. What new news is going to appear on June 21st? Nothing of material. Everything about these two companies and every detail about this merger is already well known.