04-19-2013, 12:56 AM
'Palm' pid='21028' datel Wrote:Goal is to maximize SH value and if a buyout does that, it'll happen. We have heard more than once from management that they are not sure IOC will survive this process. PRE is very close to all of these discussions and they seem to be getting the feel that a buyout well could happen. The JVOAs had to get done as one must continue to plan and work as if things will continue; that's part of building value. Most companies plan to survive but Cove didn't and there has been a lot of talk about consolidation on the industry. IOC and even PRE are prime buyout candidates with both being successful independents. Won't be long till we know.
And with all this great news the stock is skyrocketing. Not many buyers even trying to front run the announcement. And no, it;'s not expiration week nonsense this time. We have a lack of buyers with conviction no matter how much we believe. Things are looking great except the stock price.