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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: allevett who wrote (9920)6/3/2005 6:47:38 AM
From: Crossy  Read Replies (2) of 37387
 
re: DNO (Det Norske Oljeselskap) - big news

New unsecured Senior Bond loan at $150m USD, partially replacing shortterm debt at very good rate (LIBOR+350bp)

The company just executed a forward buy agreement on a nice chunk of own shares for 29 NOK.

And the share will split (as PA Resources did) but this time the split ratio will be 1:4 (1 old shares = 4 new shares)

exciting times ahead !
CROSSY
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