JLW99
02-02-2009, 09:59 PM
Hello,
Stock is trading at $0.25 after some unusual volume days and jump in price from $0.065 low. Word around the campfire is that a large oil company (Nexen, Petro Canada, Tallisman) are going to bid on the assets. The company is supposed to be delisted this Friday I believe. Best case is likely in the $2.00/share range for a bid. I'd say 60-70% chance it goes to zero though but still probably worth the risk for a small position. The symbol OIL has to be worth a quarter alone :biggrin:
Stock is trading at $0.25 after some unusual volume days and jump in price from $0.065 low. Word around the campfire is that a large oil company (Nexen, Petro Canada, Tallisman) are going to bid on the assets. The company is supposed to be delisted this Friday I believe. Best case is likely in the $2.00/share range for a bid. I'd say 60-70% chance it goes to zero though but still probably worth the risk for a small position. The symbol OIL has to be worth a quarter alone :biggrin: