My guess is those in the know are keeping price down to try and shake the tree and accumulate everything they can, had my broker look at who has been buying and it is a few big boys, anyone know where I can get this information myself. I am happy to keep topping up at these levels. Even if the deal doesn't get done what is the down side. Does the oil currently being produced all of a sudden stop flowing? Can't see much downside plenty of cash in the bank so anyone looking knows they can't wait till the bank runs dry. Pretty lean operation running and with current oil flows all they have to do is slow down further drilling. No big deal. Like Buffett we just need to be patient and have faith in a good solid company with excellent cash flow.
Just my opionon
TXN Price at posting:
56.0¢ Sentiment: LT Buy Disclosure: Held