at 5 or 6 bucks and little debt, its a steal with PWE's vast developable land assets..they all need a win without taking on debt....and they know if oil keeps moving north so does the price
evidently they had all their clients in this thing short before the major balance sheet shift and are spending money to get them out...
thank you Oracle of Omaha...do you think there may be just a slight chance the stock takes off given only 600M in debt left announced during Brexit?
actually not true..that's illegal under blackout rules....Its possible the buyer wants the otter non-core first but the new law may have pushed up the timetable given that those assets may take now longer to sell
If you want to tell the truth, a sale for Viking/Cardium and other vast land assets after eliminating debt at 8 to10 is not unreasonable looking long term as energy companies do...
The rest of us will prosper...its non-event for the rest of the world..currencies will re-balance except the pound
With hardly any debt on the books, somebody is going to swoop in here and buy it for double the current share price and steal the Cardium/Viking and PWE's millions of acres in land assets..that would suck
completely ignored in the panic
Awesome post..people don't realize they have sold the other 25k BOE per day yet and now they may wait..
Gap fills work absent of major material events..major merger and divestures change the technical trading..its a different company