I see Argonaut oil and gas analyst - Phillip OKin is being quoted in energy news:
O Kin, like some other analysts, believes the Scepter story is not over yet.
“We believe that a revised bid is possible, particularly looking at the party involved and its financial backing,” he said.
“Should a revised offer of $7 or above cash be made, we view it would be difficult for Santos to reject.”
Given the extra shares that will be on the registry $7 or above will look very good and would get my vote..better than what we keep hearing the company is worth by certain posters on here - come to think of it weren't we being told by posters back when we were in the low 4's that we were headed into the low $3's or even $2's..
Just goes to show if your running down a stock that whatever the current sp is - you say it will go lower & then go quiet when it goes higher....I'm personally very happy I never took notice of those negative posts back 2 months ago..... I'm not saying its going to fly over $6 tomorrow but those non holders who have again shown up are talking below $5 - even last I checked on the opening estimate after our 3 day trading halt - its sitting at $5.81 - 10c higher than what Hony are paying...
I am not claiming it may not open lower than $5.81 - I have no idea but when this crowd turn up on masse and start TELLING everyone its going down without acknowledging that it could go up - then that speaks volumes IMHO...again I'm just glad I took no notice last time or the time before or the time before that...and if your a holder like me then even if it opens or trades lower than $5.81 on a Thursday who gives a toss - we're getting shares for $3.85 though I now expect we'll hear that the sp will go down lower than $3.85 tomorrow.. a full $2 lower than the opening estimate since last Friday's end of trade!!..
I'm showing the biggest volumes for opening are at:
Buy - $5.50 & Sell - $7 with $5.81 the open estimate - this of course will change in the morning but I do think it speaks to what in on most traders minds up until this point in time after a 3 day trading halt..
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Last
$7.59 |
Change
-0.270(3.44%) |
Mkt cap ! $24.68B |
Open | High | Low | Value | Volume |
$7.66 | $7.66 | $7.53 | $23.13M | 3.043M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
46 | 40790 | $7.58 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.59 | 20167 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 31159 | 7.580 |
17 | 51629 | 7.570 |
19 | 131588 | 7.560 |
18 | 51264 | 7.550 |
8 | 29467 | 7.540 |
Price($) | Vol. | No. |
---|---|---|
7.590 | 20752 | 34 |
7.600 | 42160 | 23 |
7.610 | 70310 | 23 |
7.620 | 54767 | 17 |
7.630 | 86010 | 12 |
Last trade - 13.28pm 05/08/2024 (20 minute delay) ? |
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