Agreed, it's probably not the best deal for Pipestone but a really good deal for Strathcona. Pipestone would get shares in Strathcona for approx ~ $70K/ per BOE/ day. Granted, it's for a heavier oil company. But that's at the higher end of heavy oil/ thermal sands deals. That seems like a high price for and a lot of faith in a relatively unknown company.
Interesting note. Is it fair to say that if the deal goes ahead someone buying today at ~2.38 would net about a 13% return with the deal value of $2.72 per share? I would think some risk there to the value
Good work!
Agreed, it's probably not the best deal for Pipestone but a really good deal for Strathcona. Pipestone would get shares in Strathcona for approx ~ $70K/ per BOE/ day. Granted, it's for a heavier oil company. But that's at the higher end of heavy oil/ thermal sands deals. That seems like a high price for and a lot of faith in a relatively unknown company.
Not involved and not investment advice.
Interesting note. Is it fair to say that if the deal goes ahead someone buying today at ~2.38 would net about a 13% return with the deal value of $2.72 per share? I would think some risk there to the value
I hope ther is another offer, I'll sell mine at no less than $3.5, hopefully more!