I am seeing some talk on this thread about a potential buyout of PanCon. It seems to me that in the near term, the only possible buyer would be Woodside. They are the only company with access to the early 3D results. No other potential investor or buyer would likley be interested until the full results are in. I have been saying for a while that if the 3d results are as favorable as we expect, then it might make sense for Woodside to consider trying to buy PCL before the news is factored into the stock price. The current market cap is only $100 million. They could offer .04 and only have to pay $300 million. If there are a couple billion accessible barrels on Pel 87, the .015 royalty interest alone could be worth 10 times that. The full 20% should be worth tens of billions. A $300 million gamble now might be worth it. Once the full 3d results are released, if they are extremely favorable, I assume other major players/ investors might become interested, but by then the share price might be much higher. I am just guessing and have no special knowledge of the situation. Would love to hear other opinions.
PCL Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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