It also wouldn't surprise me is Regal is using WGO as a stalking horse of sorts for STX, in as much as managing the STX share price to get a better deal for their WGO shares should STX do another script offer for WGO. Would make sense for Regal to try and cap the STX price if they thought that a likely outcome....but I agree, WGO is much less of a priority for STX now as they have lots of gas and other value accrediting projects to follow through on. Regal may have to be very patient if they're waiting on STX...as at present there are multiples more upside in STX than WGO and I don't believe STX management are in a hurry to give that away to the likes of Dennis and Regal. Maybe someone else will step into the fray here, but unlikely given WGO's passive stake and lack of control. I'm hoping the redrill of WE3 helps solve the WGO shareholder problem of an underperforming share price.
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