The last couple of weeks I have been wondering what is going on with ESG and OIP. I have begun to move away from the idea of STO taking over ESG, I like the way arrow has built their company and I hope ESG can do the same. So what is the deal with ESG and OIP? What do ESG want and how are they going to get it? I don't mind ESG gaining more assets even if they are oil it just adds another bow to their string. I presume ESG would do a script offer to acquire OIP. What do people think is the best outcome for ESG and OIP? Another point: what do people make of ROG's announcement this morning, I would of thought OIP would have had a crack at obtaining those leases.
My predictions are:
1.ESG SP to get to $1 dollar then a script offer for OIP
2.ESG reserve upgrade
3.ESG cap raising or STO takeover
At the end of the day I'm not really keen on selling for anything under $4.50.
Thoughts and opinions holders?!
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