I understand what you are saying db76, and what a great shame it would be for Senex after all the hard work over the last couple of years, and the brilliant success they are now having, to get taken over for a song by an opportunistic corporate raider like BPT, but I bet they are looking at SXY and licking their lips at these Senex results and future.
I'm not sure what SXY can do now to ward off a raider, because I'm sure there are interested parties, and especially given the government's energy blue print for the next 5 years, where they throw their weight behind a gas led energy recovery, which literally puts SXY in the box seat.
The one problem with out-performance and tremendous success, is that the sharks start circling, so I hope SXY management have a plan in place to ward off the upcoming attackers. I'd first start looking at the major shareholders, and what their intentions are.
Does anyone have a top 20 shareholder list?
I'd hate to see this go into a trading halt tomorrow because BPT put in a 40c takeover offer, some companies have been using the Corona virus as an opportunity to make low-ball raids, I've watched 4 or 5 of these over the past 3 months. Maybe we should come up with a new term for this type of raid, perhaps a "Coronatunity" or something similar.
The future is looking very good for Senex, perhaps with dividends even on the plate, and we should see a new yearly high in the not too distant future, something around 45 cents this year, at least, if not more, much more.
Gw
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