billcaya27 positive News.. Business as usual for PVR. Strong Buy..Really strong Buy
40$ a barrel is probably a good thing if PVR still manage to pull off a deal for BROE, 15 percent and counting of the shale producers are in trouble. 40$ a barrel is unsustainable for everyone. I read that oil prices should recover to 80-90$$ a barrel by H2 2015. Hopefully will be well over 100$ a barrel by the time PVR start producing. Low oil prices never last not at those levels anyway. Plus Barryroe has its own market selling to the Irish.
I thought ONGC was in the market with 180bn looking to buy a wide range of investments, where are they
Also I wonder what the stumbling blocks are in the negotiations, compartmentalisation, quality of crude and oil prices have been mentioned. Someone I think it was Sobeit said hypothetically speaking if the OReilly were behind the drop in the share price so they could take the company private!! I don't know if that is possible but make me think, us small shareholders only hold about 20 percent of the company combined anyway.
All great points, just makes you wonder why it is taken this long and if the silence should be taken as a good or a bad thing.
As far as I am aware it stands at 40percent, and TOR is 35, so between them they run the course of the company
Tel: +353 1 2194074 I have sent an email asking what is going on!! Everyone should either call or email and let's put pressure on PVR to set the record straight to us the shareholders who pay their huge salaries. It has gone on too long ...the silence that is.
Tony O’Reilly, Chief Executive: [email protected] John O'Sullivan, Technical Director: [email protected] Michael Graham, Secretary: [email protected]
Let's hope the deal is done already, with a long term view incorporated in the deal.