This is just typical market panic. this decision will help the company. If they were so concerned then they would of just accepted a low ball offer. This tells me they value the company and the outlook. this stock has climbed over the last two weeks during an incline in oil prices. this correction is needed and as oil improves the stock will improve. this could only strengthen the possibility of a better offer in the future.
oil has been down for almost a week in a row. if oil turns around and we are at 40 this time instead of 28 (Jan), plus the wild ward of a buyout. 50 could by end of April. what do others think?
oil is just about at its low and even though it could stay there, we are now in the 36-38 range. In December/Jan we got as low as 28 and have pretty much stayed below 36. When oil does start to go up again we have potential here to see 50 by the end of April.