Exxon Mobil corp putting in a takeover offer to RFE would be awesome, just a whisper of this happening and price would jump 20c easy, surely they have a spare billion for the purchase of RFE if they are looking to make a $28.5 billion bet on natural gas overall.
if something like this was a possibility, you would imagine there would be some attempt at price manipulation, trying to get say a vwap of around 75-80c and then make an offer that holders cant refuse, is this already happening????????
sorry, wishful thinking, certainly didnt buy RFE to get TAKENOVER but if the offer was right reckon that you would be hard pressed to not at least consider it, not sure how they would value existing assets and inground assets, but reckon $2-$2.50ps would be a good starting point.
RFE Price at posting:
81.0¢ Sentiment: LT Buy Disclosure: Held
