So even the guys at Morgan Stanley think NBR has high odds of a takeover.
Out of curiosity, how much do the clowns at these casino banks earn to speculate on such possibilities. I mean, it has nothing to do with drilling oil. I wonder how many actually take an interest in the sector's engineering activities.
To make an offer to a company with a current stock price of just under $16, valued by the open market, you offer them less than the current SP and that will tempt all the current shareholders to back the offer and lose more than their current paper holding......including Pension funds, fund managers, Directors. Yes! That makes complete sense!
Seriously? Is that even a question?
The question you should ask, is what price above the current is a likely takeover price....
Some on this board have touted $28. Sounds a massive premium from the current, but this company is the largest land driller in the US and has substantial assets. You don't just give up for a sh!tty offer.
I'd like to see $28. Not sure if $40 is dellusionary (sorry about the speling )