From CNQ.... With Markin gone..will the rest of management indorse the deal as friendly....or will they have to hostile? probably the only logical explanation..... Markin has skin on both sides of the game
it's looks like $17 is right on the numbers...If she rides higher and breaks the $14 I would suspect an offer is tickling $20
you really have to wonder is may be a generation before and asset rich opportunity like PWE comes on the market for invitation to offer .... think about it.
Let's just be patient .theres no leakage so far..the committee will come forth with a deal of some sort..all or some of the assets...unlocking shareholder value.... It's not like everyday a company like penn west hangs a open invitation to offers.... We are very lucky to be sitting pretty here...
I know it's oly been about 6 trading days since Markns departure... Under very suspicious circumstance Since then..all insider activity has since ceased.... .? Qoincidence.... I think not.
the committee said..every option is on the table..hence the for sale sign went ...
nobody can corfirm an official quiet period..except the executives and officers involved on both sides of the possible suiter or suiters... Who by law cannot corfirm or denie it.
I would look for a deal at to be done at 18-19. The value place on their reserves is in that catagory. Typically deals get don at that valuation . Unfortunately for PWE shareholders that number substantially undervalues the company, because PWe has not comeclose to placing into resrves all the work they have done in heir exploratory drilling efforts.
My estimates are for an offer of $14. a share. There is no more of a certain leading indicator of what stock price will do than insider buying. Penn West has had massive insider buying at $10. and even $11.00 a share. meaning it's almost a sure thing to be worth at least $14. in the near future.