RE: takeover.21 Jul 2015 22:10
i would say GI and natlata have got wind of what one or each others end game as no investment houses would take such a large stake in a small aim oiler without a get out strategy. i fully expect them to continue to add
otherwise they are acting in concert , certainly will be interesting to see how it plays out .
PTR's days are numbered IMO the sun is setting , matter of time for me . wouldn't be surprised to see Oil India behind it long term.
seems uncanny we have very little share price action yet free float is getting less and less . PI need to take note this is a stock undervalued , debt free and high impact drilling campaign right through until 2016 and beyond ,if it gets there which i seriously doubt.
short term target for PTR is 4000BOPD (2000bopd net to PTR) year end 2015
personally my target north of 12p