Post by
bushhog1 on Jun 01, 2016 9:17am
Raging River Exploration acquires Rock Energy
https://www.stockhouse.com/news/press-releases/2016/06/01/raging-river-exploration-inc-announces-corporate-acquisition-of-rock-energy-inc
Shares of Rock Energy were trading at their lowest prices in the last 2 weeks of the oil downturn.
and now their Shareholders have to accept swapped shares of the over priced
RRX .
RRX was hitting its all time high in a down oil Market and trading at a whopping 3 times
its bookvalue. Most Oil Companies are trading below bookvalue.
Unbelievable !
Only my opinion
Comment by
PROtrading on Jun 01, 2016 10:47am
The boys at RRX are acquiring companies and are "on the hunt". They grow by acquisition and the insiders keep selling. Nice money machine for some! ;-) LOL Oilman53, who do you work for again? Bhhhhhhaaaaahhahahahaahahah
Comment by
PROtrading on Jun 01, 2016 11:12am
The boys at RRX are acquiring companies and are "on the hunt". They grow by acquisition and the insiders keep selling. Nice money machine for some! ;-) LOL Oilman53, who do you work for again? Bhhhhhhaaaaahhahahahaahahah