RE:RE:BAD News: Waterous EF BUYS 29,988,854 GFR @ $ 10.93 CASH- JUDGING from their PAST HISTORY, WATEROUS Energy Fund (WEF) will LIKELY GO FOR an AN OPPRESSED OPPORTUNISTIC BUYOUT of Greenfire Resources
- TRADING GFR shares is NOT their STYLE like Paramount Resources buying shares of NuVista Energy
- so WE 'should' EXPECT a CREEPING TAKEOVER since they ALREADY have 43%
- interesting that they have NOT YET RECEIVED BODs SEATS but I am SURE that they will in the NEAR FUTURE
- I 'would' HAZARD a GUESS that the CEO is REALLY UPSET given his LARGE STAKE in the company and the shareholders are GETTING MORE CONCENTRATED which is TERRIBLE NEWS for LIQUIDITY of the STOCK
- I am SURPRISED to LEARN that Eric Nuttall NinePoint Energy Fund has 2.750,000 GFR shares as of June 30, 2024 {probably caused the RUN UP in June 2024 ?}
- it is FASCINATING that the SPAC, Brigade Capital Management; did NOT SELL to WEF
- I would BET a case of beer that the CEO [3,467,843 GFR shares] and Director Jonathan Klesch {Spicelo - 5,499,506 GFR shares} are VERY KEEN on PREVENTING a CHEAP WEF BUYOUT especially NOW that GFR is GENERATING GOOD FREE CASH FLOWS and SHARPLY DECREASING the LONG - TERM NOTES while BOOSTING BOP
z173