gottalovevmt: I still believe - rightly or wrongly - that VPE will want to get that whole "oil fairway" under their control. Why else would they have been in such a HURRY to take a 10% stake, which will make it more difficult for other parties to bid for ITC ? As VPE has not "tons of spare funds", they will have to very carefully think about how to craft a take-over offer that will be successful from their perspective, i.e. that will achieve the aim without paying too much. A lot will depend upon Sir Eddie and at what price he will be willing to let go - I would assume. And - last but not least - I would also assume that such an offer would be forthcoming before drilling starts again in earnest, i.e. before more oil is found/confirmed. Clearly, just all my personal thinking and I might be completely wrong. All the best to all ITC longs. wasa
ITC Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
