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Bullboard - Stock Discussion Forum Wenzel Downhole Tools Ltd T.WZL

Energy Oil & Gas Equipment & Services

TSX:WZL - Post Discussion

Wenzel Downhole Tools Ltd > bids quite low
View:
Post by bruleoil on Dec 04, 2012 10:18am

bids quite low

so does not look so good 1.64

waiting for news

Comment by oilwatcher13 on Dec 04, 2012 10:58am
Lawsuit settlement news is coming out, WZL will pay a bunch of money to National Oilwell IMHO.... 
Comment by mjh9413 on Dec 04, 2012 12:13pm
Might sound naive on my part but where are you seeing bids on a halted stock? National Oilwell GOT $405K and the Company et al simply contested the decision..Apart from additional court costs etc., there cannot surely be any more amounts due to the defendant/counterclaimant. Back to you.  
Comment by mjh9413 on Dec 04, 2012 12:27pm
ok sorry still the DRECO suits (subs) and they did say arbitration due this fall. My apologies. Forgot about this action as DRECO are subs of NOC. Hope you are wrong.
Comment by bruleoil on Dec 04, 2012 1:21pm
We see bids / ask on level 2 anomymous dec 4 13:00 pm 10,000 1.62 anomymous dec 4 12:39 pm 9,000 at 1.61
Wenzel Downhole Tools Ltd
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