re: Ann: PES: AOE Increased Unconditional Off... One further problem for BG now.
To trump the AOE offer they will fire a sp frenzy in AOE amongst other csg stocks, making AOE offer look even better.
If they do offer $7.50 that:
1) Makes AOE's current 20% holding in PES worth $186mm, or 26 cps (whereas a week ago I doubt the market assigned much at all).
2) Has obvious upward implications for the value of AOE's existing tenements (which the market has been valuing way under what Shell paid for 30% anyway).
Would that frenzy push then push AOE up to the implied parity of 286 ?
I suspect AOE has at least one more card to play. Let's see BG's next move, it"ll need to be a big one.
EL
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