TXN 0.00% 58.0¢ texon petroleum ltd

merger details out, page-112

  1. 639 Posts.
    Like so many others, I am not overly pleased with this deal.
    However, out great soccer player Johan Cruijff once said, allbeit in Dutch: Every disadvantage has its advantage.
    The advantage here is that while SEA seems to have bought TXN EFS acreage on the cheap, their SP is dropping and if they indeed have got a bagain, well, a position in SEA, on top of what we are already getting, could turn out to be a profitable one.
    That's what I, after a little more dd, am likely to do.
    Buying a bit more TXN could very well have the same profitable outcome. BrgdS
 
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