AZZ 0.00% $7.50 antares energy limited

Ann: USD 300M LOI for Sale of all Permian Assets, page-8

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  1. 5,038 Posts.
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    Sojourner,

    Actually you could argue its a higher offer given that Antares has at least 4000 less acres than it had before.

    Given the latest results from those 3 NS wells & the amount spent on them (which would allow you to argue it is perhaps a lower offer, factoring in the cash that didn't need spending drilling/fraccing etc but was).

    They need to accept the offer and move on, get out of this hole they've dug.

    A bidding war would be nice, but who's to say its not the same party from before.

    LOTM
 
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