AJ,
Takeover will happen, but is it in our best interest for it to happen so soon?
Lets get the updated contingent reserves on the table, that will put a base on FAR's value. With what's been stated thus far, even at $7 to $10 per barrel in-ground value, we'd be looking at around 17 - 20c share price.
To get maximum value, one would think appraisal drilling would have to be complete on SNE1 and one or two positive exploration holes at Buried Hill play.
Then the fun would start imo. Most of it will strategically driven, in my crystal ball I see Conoco and i see someone like Shell making a dash for FAR. I think Cairn will be a seller too at some point.
Waiting game for now though...
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Last
49.0¢ |
Change
-0.010(2.00%) |
Mkt cap ! $45.28M |
Open | High | Low | Value | Volume |
48.5¢ | 52.0¢ | 48.5¢ | $101.9K | 200.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 48741 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 1786 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41741 | 0.485 |
1 | 5000 | 0.480 |
1 | 10000 | 0.475 |
2 | 65000 | 0.470 |
1 | 50000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 1786 | 1 |
0.500 | 15000 | 1 |
0.510 | 25000 | 1 |
0.520 | 226386 | 4 |
0.530 | 1005 | 1 |
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