Post by
valueplaysonly on Nov 30, 2012 5:36pm
Done deal !!!
Penn West is next. announcement will be right after this ones is green lighted. Penn West oversold by 30 % for a 4 % miss on production . This allows a big "premium" to be offerred . Will be announced before year end. Its hard to not allow one deal and allow some others. The big boys know they have about a one year windwo to make offers before political winds change. New leader for Liberals, already brash NDP leader, and more than likely Harper will step down a year vefore his term is up. The acquiring interests knowv that deals must be acted upon quickly. SU, ECA and CNQ are too hot to handle. Penn West offers long reservelight oil assets and is the dominant player in 4 of the country's biggest plays.
Comment by
mrbb on Nov 30, 2012 8:29pm
as you can see, alot of 'canadian' oil and gas companies are in the dog house and dream of being taken out, preferrably by the chinese with rich premium just to recoup shareholders original investment. That is the reality.