Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Take-over Bonanzas and Other Things Ain’t Wot They Used To Be

By Malcolm Stacey

22 May 2015 10:19

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Hello Share Chinkers. There are some strange things going on in the world of mergers and take-overs. It ain’t right, mister.

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Comments

Malcolm Stacey

23 May 2015, 03:48

I just want to add that the take-over offer by ENOC for Dragon Oil values Dragon’s oil reserves at a little over $4 a barrel.This is not very much when you consider that the price of crude now is over $60 a barrel. And Shell’s offer for BG allows them $11 a barrel for their reserves. Given this miserly offer for Dragon Oil, I now believe it’s just possible shareholders will turn down the take-over bid. In which case there might be a better offer on the table.
Richard

23 May 2015, 10:35

Thanks Malcolm, exactly! I have shares in all mentioned in the actual article – I have no interest in ENOC – except that they should be told where to go with their current DGO offer! In principle if nothing else… even if Dragon come down as a result which would likely be the case. I’ve been in DGO long term and would intend continuing to be (or hope to still be able to be!)…