10-09-2014, 01:45 AM
'Nolan' pid='50633' datel Wrote:I agree, but a bidding war would not get the price over $100. I agree with mike. If a couple of major holders become disgruntled, we could see a sale. Even a $2.5B payment from Total does not get the stock price over $100.
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And it certainly doesn't if the payment isn't made "to shareholders". The $500M they already got (which could have gone to shareholders as part of a buyout) is now being spent on expensive wells and ongoing operating costs. I hope these wells are successful but I would like to think that Hession has a "cash out strategy" in mind if they are not...or actually...even if they are.