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Bullboard - Stock Discussion Forum MGM Energy Corp MGMCF

GREY:MGMCF - Post Discussion

MGM Energy Corp > Why does the offer seem rushed ? -
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Post by wolfe001 on Mar 11, 2014 10:54am

Why does the offer seem rushed ? -

Is this offer timed to be completed before Conoco releases the results from its two horizontal wells
If Conoco sees an economic play there is no way Paramount could get away with a 15 cent offer
Why isn't Shell making an offer? Seems like a pretty cheap insurance to accumulate Canol acerage, and add to their long term gas reserves. If this land came up for bid now they would probably have to pay more than is being offered
Comment by buddyyelverto on Mar 11, 2014 11:03am
This post has been removed in accordance with Community Policy
Comment by kh231 on Mar 11, 2014 12:01pm
Interesting that only 800K shares have traded on this news today, so looks like most people are holding their shares. Like me!