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NDOL- BUY OUT OFFER - going insane - 10% open market purchase of stock PR
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[QUOTE]Originally posted by weatherbill: [QB] Read a profesional report of how oil company buy outs are priced per barrel of oil......Many buy outs by bigger oil companies price a buy out anywhere from as little as $3 per barrel to $15 a barrel, most buy outs being at $9 a barrel. Examples Occidental just bought Vintage Petro for $9 a barrel Pogo bought Nothrock for $15 a barrel CNPC won a bidding war for Kazakhstan driling at $9 a barrel The very cheapest buy outs are at $3 a barrel If Nord were to get the cheapest offer at $3 a barrel and just taking 40 M barrels from their 48 million, do the math....it would come to .508 per share with an O/S of 236 M shares........that is the very cheapest the buy out would be at.......I would'nt mind getting .50 per share, but what if it was just at $6 per barrel for 40 million barrels.....6 X 40M= 240 M / 236 M shares= $1.01 per share.......that is closer to fair price for Nord shares........now these prices are not speculation. This is what smaller oil companies are getting bought out for....the very least being $3 per barrel, with many smaller companies going for $9 per barrel. Nord is a very attractive target for a buy out because THE WELLS ARE ALREADY DRILLED! Do you get this. Therefore, since the wells are already drilled, it is less expense to get the oil. Just updating the drilling equipement, so Nord should see at the very least $6 per barrel offer or $1.01 per share.........Now that's a tasty profit to chew on, a??? [/QB][/QUOTE]
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