BlackPearl Resources Inc. BLKPF

Take Out of PXX

[ariesleaf]

Is this the take out partner.?

International Petroleum Corporation (IPCO:CA)

[Easyman]

Yes, it is and the Lundin f----r introduced PXX 2007 at 5CAD and now we get 1,3CAD and ZERO bonus as IPC loses big. Never ever a Lundin company and last week was a buy at 2CAD. Lucas Lundin doing business as usual!

[ariesleaf]

Is this not what we get.? Based upon a volume weighted average price (VWAP) of the IPC Shares for the last thirty days, this represents an acquisition price of CAD 1.85 per BlackPearl share representing a premium of 42% to the closing price of the BlackPearl Shares on October 9, 2018 or a premium of 49% to the VWAP of the BlackPearl Shares for the last thirty days.

[pablo87]

Is it trading for $1.85 today? No, its $1.41.   This is one of the dumbest deals ever (lol at TD analyst who changed his rating from hold to tender). Its the equivalent of panic selling by shareholders when prices go down. Onion Lake Thermal will be generating $100MM per year of distributable cashflow from Q2 2019 (when they reach 5M annual nameplate).  Not to mention the potential of

[Easyman]

NO, the deal is that they will give you new printed IPC and nothing else. A very bad deal indeed and they try to paint it up with old numbers. Every pxx gives you 0,22 ipc and big dilution for ipc so stock down today. Write to Festival and ask him about "Good for us" he writes ... after 10 years or so, wtf

[ariesleaf]

We can all vote No. Still all most two months before closing. Today is just a bad market for all stocks.

[pablo87]

Cenovus and Statoil did not take shares, they took CASH.

[pablo87]

IPC was created in 2017 from the assets Lundin Petroleum didn'twantt, lol.