Three wells back to back with excellent results in fields that are located deeper than 2000 meters and are further 5000 meters below sand, rocks and salt making the explorations technologically complex and challenging. Good job ORIG.
iT IS THE BOOZ. Some analyst drop by in the middle of the night and have some. Then they go and finish their report. DENN has drinking establishments now.
Will be issued on December first, or I am dreaming/
Well, What you are waiting for? The January 2015 77.50 calls selling for six cents. Buy a Bunch.
The $9.63 discount is exactly what the cash out. I wonder where HAL will find the 8.5 bil dollars to make up for the 19 bucks?
smart move. After this merger is completed the new HAL will be trading under $40.00 not counting the divesting losses. Now place a bet in PBR.
It is $50.63-9.69x1.12+$19.00. HAL will give $8,2008,000 or 19.00 cash. Therefore, the actual value of their stock will be 41 bucks. Sure you will get the 19 bucks but you will give it right back at the day of the merger when HAL price will drop by $9.65
It is simple as that. The total market value of both companies are 64 bil and the number of new shares will be 1.33 bil. Now you figure out how much the new HAL will be priced for.
first grade math flanker. It is 47.50 - 9.0(cash given out by HAL)what make HAL worth 43. If two companies could merge to make a 9 bil dollar profit, anyone would have done that.
You guys have no idea what the pros are doing. Hal plus BHI will have a combined market value of 64 bil after substracting the 8.27 bil cash will be given to shareholders. But, they will be 1.333 bil shares of the new company. If you divide 64 bil by 1.33 you come to a share value of 48 dollars. The 70 dollar buyout is a myth. The price BHI holders get depends of HAL value.
kiss your money good bye. You should have bought the November 65 puts ,instead. That is were is going to be by the end of this week.
If HAL pays 1.12 shares plus another 0.34 of their shares in cash for one share of BHI then it looks that BHI is buying HAL for forty bucks. All it gives up is name. Do the math.
He hedged 4 mil barrels of oil for 89.45. That is almost twice as much of what they will produce in 2015.
So if he closes the hedges of 2 mil barrels for around $70 he will profit by 40 mil . CLR was little too son to cash in their hedges.
If they have sold the $100.00 calls and Bought the $90.00 puts, it seems to me they will lose on the hedges if oil stays at $70.00 Any comments?