DLS 0.00% 69.0¢ drillsearch energy limited

Strange trading volumes, page-110

  1. 15,774 Posts.
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    Eshmun
    We all have different views , so their is no point in arguing . But you posting style to me is amusing as you post things like they are facts DLS is now linked to BPT share price and value. DLS now trades at a LT oil price assumption of over 80 dollars and probably even more if you look at merged company . So posting the forward oil curve like you are making a winning point is a little ridiculous as it only proves DLS trades at a premium to this curve. So with oil price at 48 dollars Brent, the price is now driven by the post merger excitment . As with the gold sector the oil companies will have sharp movements , merger or TO excitement , but in the end if the oil price doesn't appreciate quickly these companies will at best stay flat and probably would trend down . Dls is the beneficiary of a TO premium but in reality that premium is offset by the extra shares BPT will issue to buy DLS so what you are left with is a diluted BPT share base which you will end up owning , therefore the BPT assets you acquire are diluted by the premium you receive
    If you want an apology , I will be happy to give it to you as long as you are willing to reciprocate if DLS doesn't make it to 1 dollar . Deal ?

    I am genuinely happy with this deal as on Monday I will be exiting DLS for the remainder of my clients with gains of 65- 70% - not bad for 5-6 weeks ! The only issue I have with the deal is it being all script, I don't want to hold the weaker merged entity

    No more from Me on DLS - good luck to all , Even you Eshmun
 
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