Canadian Oil & Gas Companies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bobby Yellin who started this subject	2/1/2001 8:03:20 PM
From: JayPC	Read Replies (1) of 24931

Encal has had some heavy action the last 2 days Date Close Chg Vol Feb 1 2001 10.900 +.500 254561 Jan 31 2001 10.400 +.350 249256 They were mentioned in the post on the 9th as a possible takeover target. Encal Energy Ltd ENL Shares issued 108,279,876 2001-01-08 close $10 Tuesday Jan 9 2001 In the News See Berkley Petroleum Corp (BKP) In the News The Globe and Mail reports in its Tuesday, Jan. 9, edition that Hunt Oil's takeout offer for Berkley Petroleum comes up short on the value of the firm's promise. The Globe's Vox column says Berkley's properties -- particularly those in California -- had a lot of credible observers excited before Hunt made its move. Some enthusiasts predicted discoveries that would make Berkley worth $13 a share or more within a year. It is understandable, then, that the market expects a higher bid to emerge. Given the potential upside, plus the requisite premium, Berkley should go for a least $12 a share, says The Globe. Investors who missed out should nonetheless keep an eye on this story. There will be more takeovers -- Numac Petroleum and Encal Energy often mentioned as targets -- and this deal will largely determine what premium they would fetch. Regards Jay

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next