Post by
Squint1 on Sep 12, 2020 10:40am
Better Offer Coming ??
Pony closed at $.69 - equal to the CNRL offer price . Someone believes a better offer is coming as it doesn't make sense to buy at the CNRL offer price. I am assuming that CNRL can't be buying shares in advance of the vote. Is this correct ?
Comment by
Oldnagger on Sep 12, 2020 11:14am
No,CNRL cannot buy shares, and there would be no point now as the record date for voting has passed. mean while nat gas prices are weak now and so are other nat gas stocks. Just the same wirh low drilling and fracking rates the future looks very bright indeed.
Comment by
roscoe74 on Sep 12, 2020 12:40pm
Most of the daily volume trades at $.68 and the few thousand traded at $.69 are likely market orders by uninformed buyers. After the additional info released in the IC, it is doubtful another offer is coming.
Comment by
TradeTracer on Sep 14, 2020 12:02pm
It's not looking to promising If the 3+ million shares on the ask were getting taken out then maybe a different story but it's been a solid few weeks of very few shares being bought at $0.69