Vaalco Energy (EGY)

[farml1234]

Post from the EGY yahoo board
Scheister14 hours ago
I'd have to say ol' Maxwell Not Smart tried to pull a fast one over on the market and it hit him upside the head. My guess is that his lard #$%$ is going to be kicked to the curb within 60 days. The way I see it, he tried to "merge" with TGA to snag their cash before their shareholders received it. Then he thought he could hold off on the South Tchibala news long enough while everyone's toes were curling over this "great" merger. He then thought he could use the TGA cash, combined with the scraps that he "thought" he had to go out and try and purchase another block, this time from the Ruskies via Gunvor. I'm stating here and now, TGA ain't going for the deal, infact it wouldn't shock me to see them pull out prior to any vote and take this to court and sue EGY for $9MM as Maxwell Not-So Smart lied about the production levels. Furthermore, without TGA's cash he ain't buying Gunvor either.TGA is the buy. If this deal is cancelled, shareholders will most likely receive something like $1 a share dividend based on 75% free cash flow.


jmho