Maybe CLO is your best bet for an alliance or takeover? Moving into oil and gas in a big way obviously seeing the potential of oil and gas.
FGE and CLO hooked came to an agreement today where CLO is a cornerstone investor and also an agreement to takeover up to 50% of FGE's shares. FGE has some oil and gas exposure, but not a huge amount.
But given CLO's aspirations NMS might be on their radar.
If they are hope they get a better deal than FGE although it would be assumed that teaming with CLO allows FGE exposure to much larger contracts.
NMS Price at posting:
18.0¢ Sentiment: ST Sell Disclosure: Not Held