petrohawk, page-7

OGG, I disagree on management attitude, it's simple, AZZ management has the same goal as holders, get the most cash per share, a takeover was always the plan, but perhaps the original plan was 2-5 years down the track.

Now the sale is brought forward. Why? I feel more than a couple of reasons, too many to dissect and actually irrelevant now that AZZ holders find ourselves here.

So, focus on the sale, and the signs are positive:
-The quarterly states almost $10M in the bank plus recurring income. That should see AZZ hold out to the end of the year, no desperate CR.
-Free marketing with HWK drilling an 8000ft lateral on the term assignment.
-Patersons are jumping back on board (surprise surprise)
-Financial markets are holding up (but always subject to change at the drop of a hat)
-Recent Eagle Ford transactions are considerably higher that the market valuation
-There is a timeline to conclude the sale by end of November.

So, things are pointing up, and I imagine (and hope) it will flush out a full takeover.

As always, just a view, DYOR