RE:RE:RE:RE:SHOUTOUT: MEG 'Might' TAKE A CRACK AT Greenfire Resources ?robert41 wrote: Hope it doesn't happen Meg has worked hard getting the float and debt down now it's growing nicely. Unless it's a great deal immediately accretive then why bother. As always the buyers shares get whacked and us shareholders are holding the bag for a year or so while they integrate the companies. Then the conversation is right back to share float and debt. I doubt it will happen Meg can grow organically. Maybe ur a grf shareholder looking to get paid ?? If so I get it.
5 Years ago I would have agreed with you.
Organic growth might be the least exspensive route but takes way to long.
Economy of scale matters, they need to increase production 25-50% (preferably higher) within the
next 12-18 months.
VII & ARX had over 4 B in debt prior to merger, look @ them now debt down over 60% & share
count @ least 20%.
My personal opinion was they paid to much, looking like a shrewd move now.
Sometimes you have to overpay in the long run.
Regards Fuz