Hi Eshum I must admit you are overly confident when things go...

Hi Eshum
I must admit you are overly confident when things go your way a little. I have said what i have to say . If my memory serves me correctly your entry into CB stocks was much higher so I am not sure what you are so smug about. So you got your money back or maybe a small loss or small profit (for now ) A few weeks back I spoke to BPT and asked how they plan to replace their reserves with such limited drilling activity , what I got was an admission that it would be very hard. The deal is good for DLS shareholders who want to exit now. Medium term, I think the deal is neutral as if the oil price goes up DLS would have benefited more than BPT and if it doesn't the merged company will underperform by more than DLS would have. The DLS share price has responded to the BPT price which miracoulsly managed to get to a premium over DLS just before the bid despite almost all industry analysts rating DLS as undervalued and BPT as fair or overvalued.

In a years time come and find me and let's talk about where all is and where the SP of the merged entity is . In the meantime try to remember how good your future gazing was when you entered !!