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Post# of 361346
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DegenerateGambler

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DegenerateGambler

Re: None

Thursday, 02/01/2007 1:37:43 PM

Thursday, February 01, 2007 1:37:43 PM

Post# of 361346
What is a normal buy out premium?
I owned Station Casinos a few months back when a buy out offer was announced. The shareprice was about 68 and immediately jumped to over 82 when the offer was announced. The offer was about 81-82. That was a whooping 20% jump on that day. So if that being the "standard" what would a buy out of ERHE be using that same standard.

Let's see, right now the shareprice is 39, so the buy out would be at 41 (with a 20% premium). But some are expecting 600!!! Who would pay 600 when on the open market you can buy for 39? You people are dreaming if you believe in those three digit figures. Even a buck would be unreal.

The $64,000 question is: Will there be a Rig of Oportunity or do we have to wait for the AA begin drilling On Oct 1, 2009?

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Volume:
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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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