AZZ 0.00% $7.50 antares energy limited

The sale at $250 m is still under discussion I presume as there...

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    The sale at $250 m is still under discussion I presume as there has been no notice otherwise.

    This is not surprising considering the crash in oil price since first signing.

    The Permian is in strong demand by all accounts so there may well be a bidding war in progress , for the Company s extensive holding.

    $250 m in the hands of a predator is worth a great deal more today than it was 3 months ago. So if the final settlement is somewhat less than $250 m , no worries. The funds received were always to be re invested in oil sector I believe - now at bargain prices,

    All will be settled within 2 months , I believe & being a long term as opposed to a day or short term speculator, I am in no hurry.
 
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