I had a take ove scenario with TYC where the first bid was 60 cts/share all of us holders believed it was totally undervalued.
It took a second bid from Antofagasta to take out the company about 7 months later at $1.40
That time I sold out because it took so long for another bid to emerge.
This time with HDR, I will not let that happen to me a second time around.
Just remember the facts TYC was copper and copper the copper price was in its early stages of recovery.
Today we have HDR with oil and we all know that it only takes on hick up to make the prices jump again from the current $61 / barrel.
Many oilers will be eyeing this company imho, and why should they not:
*heaps of prospective acreage *producing field in Mauretania *cash in bank *new oil province in Uganda *undeveloped proven gas reserves *undeveloped proven oil reserves
I learned my lesson and will stay fully invested. The downside is minimal imho the upside could be potentially very rewarding.
As rifkin said pay under or just on the take over price and sit and wait. A second take over offer will come if the assets of that company are worth it.
In my opinion in this high oilprice enviroment the assets are worth it and will dictated an increase offer.
Good luck to all
jojo
HDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
