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Bullboard - Stock Discussion Forum WestFire Energy Ltd T.WFE

TSX:WFE - Post Discussion

WestFire Energy Ltd > Share Price
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Post by JohnJBond on Oct 10, 2012 2:37pm

Share Price

It will be interesting to see how low the share price goes during the autumn shoulder season.

 

It will also be interesting to see if there`s a price fall after the vote is announced.

 

There are apparently some investors voting against this deal, and if it goes through one wonders if they will dump their shares in response.   If they suddenly find a bunch of Long Term shares in their account, they may well dump them.

 

About 7 years ago, I remember voting against the Bulldog deal - in that case, there was something like 15% that voted with me..............after the deal was approved, I was so po`d I dumped my position.    In retrospect I wish I`d kept it, but short term I think the price sank.

 

On the otherhand, there are others expecting this deal to go through.........and that probably includes the WFE management tearm, who are probably busy looking for other jobs - if the deal is not approved, one wonders if the price will tank over the short term as the market struggles to figure out if WFE still has a management team!

Comment by surfer55 on Oct 10, 2012 3:07pm
According to the WFE employees, all but a few of the most junior are being let go.  If they have built expertise on the Viking play, this will be gone and the staff at Guide, who have a poor track record, will be doing the technical work.  If share price is related to drilling success, then I'd rather see the staff intact.  As for the executives, I think they will be replaced in ...more  
Comment by Majormac79 on Oct 12, 2012 9:52am
I voted against the deal but plan on holding my shares even if it goes thru as this is my long term Oil / gas play.
Comment by barneyj44 on Oct 12, 2012 2:30pm
 I voted nay as well, my vote probably won't have any effect but felt good just the same. I'm holding for now as well, I would like to see scp sell there stake to another party, I think they couldn't manage there way out of a wet paper bag.
Comment by dmacd on Oct 14, 2012 5:19pm
I voted no and hope that some major shareholders do similarly. Although the only good thing that might happen at this point is a better offer, and either way Sprott needs to exit .... a bad shareholder. Sprott sucks. Cadent sucks. WFE BOD sucks. WFE SP sucks. GO STINKS. GO deal STINKS.   WFE was good if you looked at fundamentals and future growth, but now will be diluted with GO ...more  
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