Bullboard - Stock Discussion Forum Petroglobe Inc. PTGBF

Energy Oil & Gas E&P

"PetroGlobe Inc is engaged in the exploration, development, and production of oil and natural gas in Canada. The Company holds interests in Pembina Cardium light oil, Pembina Edmonton Sands natural gas, and Red Earth Slave Point light oil properties located in Alberta, as well as Sawtooth oil property situated in the Grand Forks/Taber area in southern Alberta."

Add To Watchlist

GREY:PTGBF - Post Discussion

Petroglobe Inc. > Good or bad

View:

Post by mpetit on May 25, 2010 8:17am

Good or bad

As we wait is the strike price going down by the day or are we lucky in that the timing was great as markets dive?

779

Comment

Comment by shotski on May 25, 2010 9:51am

That is exactly what I have been wondering. Usually the take a average price over the previous number of days ( no sure if it is 10, 20 or 30 does any one know?) then add a premium to that. I would suspect that the premium will be low if at all now though. Any thoughts?

458

Comment

Comment by Naamkat on May 25, 2010 11:26pm

I would suspect that the premium will be low if at all now though.This may be the case, although if there is a straight across, no-premium deal, it will still be a relative win compared to the rest of the market.However, the real win is trading PGB's rueful management for a high-quality team capable of actually doing something with the acquired and existing assets held within a publicly traded ...more

514

Comment