TXN 0.00% 58.0¢ texon petroleum ltd

txn & sea in pre open, page-11

  1. 1,998 Posts.
    I think it's quite clear to alot of us here that TXN's EFS project is worth more than TXN's current market cap.

    But the market cap being where it is would definitely play on both TXN's and SEA's minds when negotiating. So I'm VERY interested in what the sale price ends up being, even for reasons other than me owning both shares :P.

    I think there's a decent chance the market could react positively to both companies. I think SEA are in a good position to pick it up at a cheap price, but I also feel that the cheap price (if this is the case) could still cause TXN to be re-rated significantly as well. (considering how ridiculously low the market is rating TXN at the moment).

 
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