Post by
Buckbid on Sep 08, 2018 10:14am
Possible outcomes—
-we’ve been told a number of times about white knights.we can assume that some sort of deal would likely be better than .75 cents in our pocket. Some sort of joint venture/financing/asset sale/straight sale of the company are all possible.
-if we get to the deadline and Velvet doesn’t have the 50% they need, they can walk away (or increase the price) but I think highly likely the tender offer period is simply extended. They really want this asset and little downside to “waiting it out” unless a white Knight gets in the way.
-management: if you’re listening, the longer this drags on, the less patience we’re going to have. Show us these wells are fixed and provide a timetable for future plans.
Comment by
SigmaKappa on Sep 08, 2018 10:43am
Many publuc conpanies and private based conpanies want into this postal code area. This general area (besides certain areas of east duvernay oil window) is the most sought out area in Alberta.