It will be an interesting day. Thankyou all for your views. In summary I feel we have the following:
1. WCL rejected the 65 cent bid saying it undervalued the company. Since the bid WCL have increased their reserves. 2. WCL resolved to work in the best interests of its shareholders. 3. WCL has a very tight register, great assets and a great location. 4. WCL's 3P reserves in my estimation are worth over $1.40 per share. 5. LNG need us more than we need them.
Bearing in mind the 65 cent bid was scorned, I would trust that today's announcement will ensure we are on a path to realise full value.
WCL Price at posting:
41.6¢ Sentiment: Buy Disclosure: Held