'arthurbell' pid='28658' datel Wrote:
'TxPm' pid='28656' datel Wrote:If this buyout rumor begins to gain traction you could see the pps start to take off....just bc HF's are increasing their shorts doesnt mean a buyout isnt coming. There were a lot of large well respected HF's shorting Nokia right before the Microsoft announcement
I talked to my O&G investor friend (professional). His view now is that Exxon is probably bidding for the whole company and that's why exclusivity lapsed. He said that if they went exclusive on buyout talks (not farm-in talks) they would have to PR it which was a problem, so no choice to let exclusivity lapse so they can have discussions on what it would take to buy the whole company. He thinks obviously Shell got wind of this so it's getting VERY interesting. I just wanted to pass that along.
In hindsight now it makes perfect sense. Why pay $2 or $3 per million cubic foot when you can buy the whole IOC for say $2.50 plus all of the upside.
I am long and strong. Thank you for this wonderful forum of knowledgeable people.
Arthur thats 3-4 times the current price.The $2.50 number using GLJ of course.