posted
The pps should definitely, at some point, move in the direction of the offering price. However, I wouldnt, IMO, expect it to do that right away if the offer is refused.
quote:Originally posted by djg7: Even if NDOL doesn't accept the buyout the pps should be established by the offer. Correct me if I'm wrong.
Price is established however in trading, you can talk all day about what your car/house is worth but if someone wont pay it - then effectively it isn't worth that.
-------------------- Well done is better than well said. Ben Franklin
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This is the source of my info. Should have posted it first. Sorry.
Rosneft clears the decks for $20bn IPO (Filed: 23/04/2006)
It will probably be standing room only when Sergei Bogdanchikov, the president of Rosneft, the state-owned oil company, takes the floor tomorrow at the first session of the Russian Economic Forum. The forthcoming initial public offering of Rosneft is being seen as a litmus test of Western investors' appetite for Russia.
The IPO, which may come as early as July, could be the biggest in history. The sale of 49 per cent of Rosneft's shares is expected to raise up to $20bn (£11.2bn) but if successful it will be seen by many as a seal of market approval for the methods used by the Kremlin to gain control of strategic assets such as natural resources.
Rosneft owes its transformation into one of Russia's largest oil companies to the Kremlin's de facto confiscation of the main production unit of Yukos. Once Russia's largest oil company and a favourite among foreign investors, Yukos was slapped with $28bn in back-tax claims and then saw its main asset taken over by Rosneft at the end of 2004 after a -government-forced auction.
It has not all been plain sailing. The company's chief financial officer, who had been the main point of contact for the advisers in the IPO, quit abruptly in February after what some said was a conflict with Bogdanchikov. Last month, Rosneft announced it had hired Peter O'Brien, an American investment banker who had been working on the IPO for Morgan Stanley, one of the underwriters, as chief financial officer.
Rosneft shocked investors last week when it unveiled plans to consolidate its main subsidiaries. It presented conversion ratios for minority shareholders in subsidiaries to swap their shares for Rosneft stock and cash alternatives. Some investors complained that the valuations were well below market prices.
But despite such concerns, early indications are that foreign investors are getting ready to flash their cash. Advisers to the IPO, including Morgan Stanley and JP Morgan Chase, recently took Bogdanchikov on a roadshow with potential investors. At the presentation in London, Bogdanchikov talked about Rosneft's unique position - it has more crude oil in the ground than US giant Exxon-Mobil - and its production is rising steadily. According to the participants, none of the guests raised the spectre of Yukos.
Bogdanchikov is unlikely to get away without being asked about the subject at the forum tomorrow, but the odds are that he will soon be the president of a publicly listed company.
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posted
Exactly, Agent. Let's say I think my car is worth $20,000 and you offer me $15,000. I have the right to accept or reject your offer. You have established a value of at least $15,000. The same holds true in this case. A value should be established by the offer. I am not saying that the pps will immediately go to that price but will eventually get there.
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posted
From what I understand, oppenheimers mm is opco. And there was an opco on the ask side today on the l2's. And apparently opco doesnt do pinksheet stocks, so this could be a sign of a pending move for ndol to the otcbb. But thats just my take.
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posted
I own this baby at .19 cents 50,000 shares but I disagree with everyone saying buyout. If you read the article it says the company will buy the remaining shares on the open market that accounts for about 35% of the company because the insiders own it and so do the rest of us. That still means good things why sell this baby at even $1 becasue they start producing oil 7,000 barrels a day starting in june. Look at cwpc.ob it was .36 cents a year ago canadian oil sands they don't produce anything yet and they are at $7.50 ndol will boom all 2006 and then some good luck
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"Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 04.20.2006 (4) days ago, when the stock price was 0.4700. Since then NDOL has gained 42.55% ."
posted
Lok like NDOL is kicking some butt.....up to .65 on frankfurt exchange, that's like .80 in dollars.....we might touch the 80's today
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posted
NDOL -- Nord Oil International, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
OTCPicks.com: Pre-Market Stocks to Watch for Tuesday, April 25th, PVIS, AMHD, CWTD, ACMG, SMMW, NDOL
Apr 25, 2006 (M2 PRESSWIRE via COMTEX) -- Our Stocks to Watch for today include - Panavision Inc. (OTCBB: PVIS), Amelot Holdings Inc. (OTC: AMHD), China World Trade Corporation (OTCBB: CWTD), Alcar Chemical Group Inc. (OTC: ACMG), Summus Works, Inc. (OTC: SMMW), Nord Oil International Inc. (Frankfurt: CXIA) (OTC: NDOL) STOCK WATCH ALERTS
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