Longview Oil Corp LGVWF

You have to think odds are a deal gets done

[MustangMatt]

As pointed out earlier, essentialy nearly half of Longview was sold at $4.45 when the secondary offer closed.  Surge bought 9.3 million of the 21.15 million secondary.  That means there are +- 11.85 million shares that were taken up by other houses.  In addition there were +- 3.5 million shares traded publicly under the $4.45 offering price before it became public that  an offfer for all of the outstanding shares in Longview.  That means there are over 15.35 million share that have been purchased in Longview for $4.45 or less, of a total outstanding float of roughly 48 million.  I firmly believe that the owners of those shares could easily be convinced to tender to a bid ranging bettween $5.50 and $6.50. 

Other shareholders of Longview not indicated above would likely also be amiable to an offer above $6.  I believe Mr. Alsaadi for example has stated publicly on this forum that he would likely tender his 3.4% to an offer between $6 and $6.50 how many others would also tender to this bid?

Another tragic reality is that Longview has no current leader. The untimely rescent passing of Longviews CEO has left Longview with out Leadership in the corner office. 

Finally, and the list could go on I believe that Surge and there management is of a very high quality.  I believe those Longview shareholders would Find Paul C. and Surge a good steward of longviews assets.  Longview share holders would still be able to participate in the Longviews current assets through a business combination with Surge.  Logically, in my mind the deal should get done, the only real question is at what price?  Surge should bring an offer directly to share holders of Longview cheers Matthew

[Seppelt]

That's the point, Matt: "the only real question is at what price?" Those with cash today and a long term plan to add or enter SGY, can do it by simply buying SGY shares. On the other hand, they may do it more profitable by buying LNV instead. That is, if a share deal goes thru and at a favorable price. Lot's of discussion here and lot's of numbers crunched, but nobody

[B8lair8]

Greetings What are the odds a deal doesn't get done? I mean Surge picked up 19% of Longview for a song and wants to pursue a 'mutually beneficial' relationship. Thats sounds to me like 'I hold your stock  and you pay me a phat dividend' Why pay a hefty premium now to get the remainder? I'd tender my LNV shares for anything over $5.60 cash, I think that's

[taman1]

Thats right if guys think Colborne is nuts to bid anyting higher than $6 and kill SGY share price in the process as market is warning him. Undoubtedbly it is a great merger at the right place and the right price it seems is between 5.40 and 5.75 for a cash deal and maybe $6.00 for a share swap and that will only happen if SGY gets above $6 ..with SGY below $6.00, I think Colborne will bide his

[Nawaralsaadi]

It is comical to read some of those deal values thrown around by the pro-SGY camp. It is as if LNV exists in a vacuum with no shareholders and no alternatives but to agreeing to whatever bid from SGY. LNV is not a company in distress, LNV owns valuable low decline oil weighted assets with sizable current production and a large future production potential. Shareholders at LNV are not going to bow

[MustangMatt]

With all due respect Nawaralsaadi, I do not think Longview is in the drivers seat.  I think at present Surge is in the drivers seat, at the moment they are in what appears to be a no lose situation.  If Surge makes a bid at $6.00 for the remainder of the shares, and it is accepted the deal would be accretive for Surge, so good deal for them.  If the deal is not accepted

[bigask2013]

This post has been removed in accordance with Community Policy

[slacker101]

Nawar - with all due respect, I have a hard time believing you own roughly 1,782,000 shares valued at roughly $9.5 million dollars (using today's closing share price). 

[bigask2013]

This post has been removed in accordance with Community Policy

[Whatwasmyname]

Don't think so. Nawar monthly divs over $71,000 and mine a measly $900 and I am quite happy as it is or be almagamated with SGY at 1:1 minimun is fine too though his argument for more is compelling . It is too bad advantage fouled their sale process but then lots have taken advantage, no pun here, and bought below $5. Those who bought above $6 are definitely not happy. Good luck everybody

[ChungasRevenge]

You guys need to get a life.