Post by
bankerboy28 on Apr 26, 2012 10:15pm
No company has stepped up to takeover
yet...I think they believe there is no hurry...the sell in May and go away crowd will be soon affecting the market...the price is very range bound and if selling picks up the price will drift back...I think they want to see what happens the next quarter with all the drilling activity and then make a decision on takeover or not..alot of the potential aquirers have had there share prices go down and they are probably focused on protecting and building their existing company without spending on takeover of another company...things may sit for the summer and we might get a suitor in the fall.....time will tell...BB28