Silicon Investor (SI) -- The First Internet Community

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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (47268)	7/2/1999 10:49:00 AM
From: MoneyPenny	Read Replies (1) \| Respond to of 95453

from Yahoo regarding TEXP this post is from last week: RE: Titan secondary by: jimbobiii (M/San Antonio, Tx) 216 of 236 Per today's Barrons 10,015,330 shares of Titan will be sold in a secondary offering next week. Don't get excited about the price of $4.625 stated in the announcement, as that is more than likely the price of the stock the day the notice for sale was filed with the SEC. I thought NGP had 11mm+ shares they want to sell! Will be interesting to see the size and price next week. My guess(and without any doubt A GUESS) 11mm+ shares sold at a premium to the market. maybe as much as $7, maybe as low as $6. Trying to prognosticate is stupid! At issue is "does a $6 sale raise all boats?" Maybe not. Would a sale below $5 lower all boats? Probably. I have high conviction that the shares will not sell below market, as TEXP is cheap based on reserves, forward cash flows relative to current energy prices, and NGP does not HAVE to sell. The $6-7 range is below the $8-9 range brokers thought Titan was worth a few months ago. We should be so lucky to see those higher prices, as that event should move our stock. At $6-7, or less, the buyer should think he gets a "deal". If the stock stays below the secondary offering price, buyers won't be happy with the underwriters, so the JP Morgans, etc. will have a vested interest to make the transaction profitable for their purchasers. I've been loading the gun and waiting for this! Posted: 06/26/1999 05:33 pm EDT as a reply to: Msg 215 by jimbobiii Back to lurking. Money Penny