re: Ann: PES: Pure Recommends BG Group Takeov... If the market thinks this is over PES would not be trading at $8.4.PES recomendation has come as an obligation by the board to their shareholders in absence of a Superior bid.I can understand Arrow S/H wanting them to walk away, but Pure is still significantly undervalued.
2P results from Digonose and Duckworth are due, Pure is worth more than 995M just on proven Reserves and potentially 1TCF of proven 2P reserves! Thats a serious amount of GAS.
IMO theres more to come.
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