Takeover possibility?
In 2009 I bought shares in Harvest Energy that once traded as high as $35CAD, but due its very high debt level and other issues I was able to get them for about $3.50CAD a share, shortly afterwards I sold them for about $7.50CAD a share about a week or two afterwards, the management announced that they had accepted an offer of about $10.50CAD a share for Harvest Energy, from a state owned Korean oil company.
I have accumulated 45,000 shares in LTS much more than I had in Harvest Energy, and I have no intention of selling any of them at this time.
