Pacific Rubiales get takeover offer

[Palm]

I remember this article from back in January on PRE. The bulk of value is in their oil fields and producing assets. Their PNG holding gets a slight mention at the end of the article. Likely they see TRI as an assets to sell and pay off some of the huge debts. The time appears right to strike and pick up the oil assets while they are a bit of a bargain. That's my guess. We might get a .50 "pop" which will likely fade to a blip on this.

http://www.financecolombia.com/pacific-r...er-target/