re: Ann: PES: Pure Recommends BG Group Takeov...
well im definately not short term.
Ive held arrow since the 60's all the way up..taken my profits and traded along the way also..been a great stock for me.
I want path to growth but I want them to do it at a good price and with less dilution. Going big fast is not my concern. I like the fact they have heaps of cash and are in a strong position. I feel if they heavily drilled their own tenements they could have plenty of reserves. You should investigate their grounds. Only currently drilled 5% of 80,000 square km's.
Will be a lot cheaper for Arrow and will bring greater wealth to current AOE share holders if they took this option. Either way if they do continue to pursue PES I will still see them as a great company..its just a move I would rather not take.
AOE Price at posting:
$2.70 Sentiment: LT Buy Disclosure: Held