It has become oh so obvious that EQU is set to have a great year as NG and liquids continue to gain higher ground...The panick is now on Aquisitors as valuation begin to expand.
I figure we should offer a slight premium over Montclairs $4.85 bid...as a Dutch action premium on the NCIB... Let Montclair save face..on their so called exit strategy.
Klapco could put out a 5% NCIB...and send a message to Monclair to go packin.......
Start buying back our stock @ $ 5 ...
BigMac....why are you so negative? This is not your Grandmammys EQU anymore.....We are a lean mean operating machine...Because shareholders have Klapco in a box..He knows he can effectively raise the divy if he wants to....He knows how to produce low cost well replacement...Like I said..a monkey can run EQU now... And Klapco knows how to maximize our value thus far....I'm no fan...but the shareholders we have will keep the pressure on..and as our metrics evolve the Klapco discount will disappear.
Klapco has everything on the line with getting a good deal.....There's no rush ...shareholders have control and offers will be abound for many months....
I will not be voting o put Montclair in charge.... The fox guarding the Hen house....NO sir....We keep Klapco in a box....no raises, no options,no bonus, unless we break $8 a share, He will be the highest paid floor sweeper in history... But eventually a great price will come...or the stock will break $8 on fundamentals. A monkey could run EQU now..and deliver.
I think we can all recognize now EQU shareholders are in the drivers seat...Our company will get nothing but stronger as hedge prices come off and reset at higher prices... Very little risk on our drilling activities..low cost per well... Very conservative balance sheet at 1:1
Klapco may be hated...but he s basicly a caretaker now..until an eventual offer we can't resist....I.m sorry but Montclair so far is not our solution.
They are now forced into a bidding war they never ever wanted.....Deal break up fee will be small 5 million....
litigation won't be a factor..because it will be 25 % higher than Montclairs last offer... $6.25 min
Monclair will have to up the anti up on a break fee..and increase the all cash offer to altleast $6.50
Montclair threats to take over the board.... looks like they now know who's at the table..eating their lunch.
tweedel Dumb..caling Dweedle-Dee....We've got action on the line... Harry you must be sitting pretty right now..you dog.... send me my fee
We should see a trading halt soon.
Someone has put something very interesting in financial terms in order for Klapco to get so Getty.
Im suspecting North of $7...maybe all Cash
The real question will be..will montclair up the offer when it is finally disclosed..they wanted right to last refusal up to $8.50 in there last discloser agreement.
Klapco is not going to give away his beach front property in hawaii.this is his final swan song. Nat gas and liquids breaking new highs..and EQU sitting pretty all cleaned up and ready to be wed.
Harry..P.S..dont tell AURA..i dont want him hichin his wagon to our train.....
This is only for tweedel dumb bunnies
Harry..if can believe Klapco..he said announcement on the deal before DEC 16... Now he's dissapointed shareholders before..but with a debt to cash-flow at 1:1..you cant help to think were in the drivers seat.