Post by
shambano1 on Jul 04, 2013 9:16am
no reaction in pre-market
maybe nobody really cares about negotiation, but once a deal is announced the SP will react, but for now, it seems a non event.
I would expect a deal closer to 4 than 3, so the premium will be decent but please DYODD
Comment by
Paralyzer on Jul 04, 2013 10:47am
Up 10% reaction coming in to the positive...
Cheers
Comment by
shambano1 on Jul 04, 2013 3:52pm
considering I have seen targets in the mid 4's, 2.60 is still good speculation value and if even if the deal is not consumated, you are not over paying for a good junior O&G producer but mostly oil and lots of future exploration.
really, I think a reason pre-takeover price should in the 3.25 range but I'm just guessing here.
please DYODD