PES pepper residential securities trust no. 21

So the real question here is, are we getting ripped?On face...

  1. 4,234 Posts.
    So the real question here is, are we getting ripped?

    On face value, I think absolutely. The Cameron field alone is potentially worth 3-4 times the current valuation by AOE. The results from the wallom coals were absolutely outstanding; great gas contents and flow rates! The offer alone is completely ridiculous. But is this how the industry has been working is it?

    I dont think the company is run by twits either. So if all the directors are giving it two thumbs up, then that is good enough for me and I am in.

    The offer makes me feel like screaming; but then I can't see the forest for the trees can I. So I will stop screaming and start trading : )

    SF
 
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