DLS 0.00% 69.0¢ drillsearch energy limited

US shale oil hitting the skids, page-132

  1. 11,185 Posts.
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    Agree with that. DLS are tethered to BPT now and we are being dragged down faster than we would otherwise have been in my opinion. The share price trading coming into the merger announcement should be investigated but we all know the chance of that happening. I'd even considered selling all my holdings based on how disgusted I was with how this all came about but as I've said all along I'm in this company for the long term play on the oil price. When the time comes and the price trend has reversed and sentiment is on the rise, the size of the merged entity might work to our advantage but I really think we are paying a very high price for whatever small cost savings, synergies and economy of scale advantages that we might receive from the tie up. Real shame and real disgrace in my opinion. Eshmun
 
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