Well, DLS has 53%, game over, at least in regards to control of the board.
Magnum was just a bit too slow. Interesting to note that in the freshly printed Magnum offer, they argue that Magnum is a better investment than DLS on certain metrics. Like having 86% more production. Hmm.. that is nothing to be proud of, DLS is 1/3 the market cap yet is producing more than half their amount. Also DLS margins are amazing. Magnum... at a guess $50 max a barrel. Then you have the debt situation. $800 million for Magnum, $140 for DLS, although on an E/V DLS is about $700 million, while Magnum is about $3 Billion. Bigger is not always better value, or in the case, it is simply not in any way shape or form.
Good luck to all involved, except maybe Magnum Hunter.
NSE Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
AQO Price at posting:
33.0¢ Sentiment: Hold Disclosure: Not Held
DLS Price at posting:
$1.51 Sentiment: Buy Disclosure: Held