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Forest Oil AO Message Board

  • ama7860 ama7860 Jul 16, 2013 1:56 PM Flag

    What are Unsolicited Offers!


    Buyout the whole nine yards. Yes Sir/Madam offers are made for full company buyout.
    $14.75 and above been offered other 2 offers are low $12 . Imo
    It should hit the wire soon anytime could be today or tomorrow. GL Imo EOM

    Sentiment: Strong Buy

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    • Highly doubtful they are getting any offers like that. I can see up to around $10/share, but I don't see much better than that in this environment. They need to prove up the value of their Eagle Ford acreage before they could either sell or trade in the double figures.

      I have a feeling that we'll finally get some good Eagle Ford results with the Q2 earnings release, but we need to actually see it. What I want to see in the Eagle Ford is substantiation of $6 million D&C cost wells and 300,000 gross EURs. I definitely want to see less than $30/bbl F&D costs. Something that tells me their acreage in the play is working.

      Sentiment: Buy