With an Insider Buying stock. I see no deal any time soon
He would be in deep do-do if he was aware of negotiations to any type of deal that would effect the value of the stock. With insiders buying. NO talks are going on that will result in any type of deal.
just the mention of a banker like nova scotia capital..or goldman would have driven us to $14 instantly.. These guys need some time to fill there own plate first.... We are well on our way...the stimulus will come as new players come to the table.
The special committee has never officially brought in a Banker..so unless an un- solisted offer is on the way..which i suspect will be forth comming.....board members and management are cleared to "back up the truck" and load shares.... which they are doing from every direction..just about every day.....
The upside for PWE is almost 3 fold.... with many suitors who would love to come to the table... its a no brainer..and there no rush to mate up with someone so quickly.
Good point. What I do I know but I think a whole company buyout has a low probability with JVs and asset dispositions more likely. I'd dig a quick buyout to cash in and take back some ground but I'd prefer better use of the company's assets to give us longs a better share price. If I recall correctly from the last conf call transcript, the company still isn't yet using the advanced horizontal fracking employed big time in the US. What the heck! This new team has some serious work to do!
Mr.George came out of retirement to right this ship. He is not looking for a new career, just another badge to hang on his oil idustry lapel and make some money while at it. The insider buying is not related to insider trading, rather a vote of confidence that the fix is in, we just don't know what tools will be applied to get the job done.