Longview Oil Corp LGVWF

I think their prices will converge at $5.60 ...

[taman1]

hey great for us at least short term ..let us see how SGY will handle this ...

[terroir]

The problem/opportunity is that as Nawar has pointed out supported by detailed analysis, LNV is worth more than that price to a wide number of companies. Are they likely to let Surge walk off with the prize at that price, $5.60? Quite possibly not...then things get interesting: Surge is holding 20% of the stock at $4.45, the purchase price goes up on pressure from other suitors, pressure downward

[taman1]

Yes I agree ... who knows SGY might get back to $6s again ...

[bshort92]

If LNV shareholders agree to swap there 47 million shares for 47 million shares of SGY the pro forma outfit would have 22.500 boe/d production mostly light oil. Loosely translated that should value the shares at $7. This is a no brainer.

[bullrush18]

market seems to like it:  a win-win so far.  I own both, too so happy to see the spikes.