RE:RE:RE:CVE deal I would say yes toLoveHockey
No matter how this turns out I think we are all smarter because of this.
GXE's numbers looked pretty good, however I should of looked at more into
the investor base of this thing..I think a couple of honest institutions owning
part of this would have prevented this low-ball deal.
Pretty well All O/G dow past few weeks (10-25%) Few exceptions.
Paramount Resources (very high insider ownership) did very well.
Did big asset sale to OVV for over $3B - declares return of capital/special
dividend of $15. Still will have $1B in cash to run/grow a smaller 30,000 bbl/d
operation (with dividend pre-declare). Wish some like like them woud see the
value in GXE and put in a bid for us. They have plenty of cash and I looks
like they could use the tax pools.
G.L