RE: Sea of blue19 Oct 2019 16:42
Many moons ago, in the 1970's and 80's , and when the likes of BP comes to mind, a major in oil wouldmake a knockout bid for a company they were interested in. The price offered was generous ruling out any counter bid from a major rival. The bidder wasn't messing around. They wanted it.
From personal experience existing investors said then "If only I'd stuck with these shares." We were kicking ourselves!
In the wings today maybe some large oil company may choose to replicate BP's approach if the numbers stack up on the output of UKOG's horizontal drills should these results be outstanding.
Shorters in UKOG are now probably ,and sensibly, less active these days with that destructive possibility for them in mind.
Time will tell