So if it is a sales pitch then they should consider themselves as a potential buyer and at least be more aggressive in the BB and get it done well inside their time frame and get shareholder approval and go again .
I have been supportive of not feeding the speculators that entered on the Announcement of the BB but it seems to have slowed to a trickle lately and they could have bought more without pushing the price up too much .
I am not in favour of a consolidation because it costs and changes nothing in a financial sense and often they end badly .
However buying 20% of the SOI at somewhere around present market prices would have a real intrinsic increase in the value of the remaining shares and seems to be doable with their present cash position and FCF without weakening the balance sheet in a critical way .
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Ann: Brookside, Financially Disciplined Oil Price Leverage, page-23
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 15635756 | 1.2¢ |
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Price($) | Vol. | No. |
---|---|---|
1.3¢ | 21560553 | 30 |
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24 | 15635756 | 0.012 |
41 | 38598648 | 0.011 |
16 | 8719062 | 0.010 |
12 | 6040014 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 21560553 | 30 |
0.014 | 25774334 | 19 |
0.015 | 9965278 | 20 |
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0.017 | 12126445 | 9 |
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