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fyi, Progress Energy Resources Corp. ("Progress") is pleased to announce the completion of the arrangement with PETRONAS Carigali Canada Ltd. ("PETRONAS Canada"), pursuant to which PETRONAS Canada acquired all of Progress'... |
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12/12/2012 1:51:39 PM |
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No
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12/11/2012 9:54:15 PM |
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am i correct in that PRQ will cease trading tommorrow and that all shares will be taken up for cash exchange in short order??? dwdc |
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12/11/2012 4:04:47 PM |
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Huh? It would really be a leaky boat if the shares had surged during trading hours before the announcement had been made.
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12/10/2012 1:57:13 PM |
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"Nexen's New York-listed shares then surged in after-hours trading on a Reuters story that the deal had been approved." this government is a leaky boat. |
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12/10/2012 11:30:29 AM |
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No duff beer but i did enjoy a bottle of wine or two! What a ride. Petronas/Progress wants nothing to do with PPY i can assure you that and they are partners in less than a handfull of wells together. Do your own due diligence. Congrats to al...
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12/9/2012 9:57:28 PM |
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With a year's salary tied up in Progress, this was a bit of a nail biter for me, but worked out well. I happen to be enjoying a Driftwood Ale. Someone sure panicked. Arbs? Whoever dumped a whack of shares at the bid must be feeling some... |
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12/7/2012 11:10:57 PM |
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They are probably already drunker than skunks. Great day for all gassy plays. Awesome for PRQ, but also for their partner in a lot of wells, PPY. Painted Pony will also be bought by Petronas, that is a certainty. Sell your PRQ on Monday, buy PPY,...
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12/7/2012 7:56:45 PM |
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I surely will be. |
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12/7/2012 6:48:41 PM |
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not many progress longs here celebrating their steak and duff beer dinner tonight:P
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12/7/2012 6:18:46 PM |
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Approved...all politics, all the time |
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12/7/2012 5:03:17 PM |
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If the deal doesn't go through, it would seem that there was a lot of selling by those who already know. If we get screwed, there had better be an investigation, and anyone found selling on non-public info had better be facing jail time. I am...
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12/7/2012 4:07:23 PM |
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King Steve is going to announce this afternoon |
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12/7/2012 3:59:49 PM |
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Petronas deal with PRQ is captured in a unique article of Gurufocus.com that sums up all the M&A activity in North America for the last 2 years....the foreign suitors are included http://www.gurufocus.com/ne...
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11/2/2012 3:25:23 AM |
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KR1527, I think you do not have to be pessimistic about the deal with Petronas. I think the Canadian Govt wants to pass the message that they do not want to sell for nothing although PRQ has already priced in a very high valuat... |
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11/1/2012 2:06:29 AM |
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If the deal goes through @ $22 then this is as close to a guaranteed ROI anyone can expect. There is at least $1.50 upside from here so a day traders dream.
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10/31/2012 10:47:28 AM |
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PETRONAS Carigali Canada Ltd ("PETRONAS Canada") and Progress Energy Resources Corp. ("Progress") (TSX:PRQ) announced today that PETRONAS Canada has exercised its right under the arrangement agreement between the parties to ex... |
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10/29/2012 8:14:08 AM |
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Malaysian state oil firm Petronas has agreed to the Canadian government's extension of a review of its C$5.17 billion ($5.2 billion) bid for gas producer Progress Energy Resources , said two Petronas sources familiar with the deal. The decisio...
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10/28/2012 11:59:40 PM |
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the last refinery built in the US and Canada was 36 and 28 years ago. We shouldn't complain about losing jobs when it is obvious we as a country, don't seem to want refinery and upgrader jobs. |
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10/28/2012 2:26:06 AM |
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Here's something to consider. If these assets are so valuable why are Canadian/USA large cap oil/gas companies not willing to buy them.? Suncor,Imperial, Husky & many others have decently clean balance sheets so why not take a position f...
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10/27/2012 10:31:34 AM |
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chucky, your mindset is all wrong. Canadian oil assets are cheap because we don't value them like the foreigners do. What cnooc and petronas do is return nxy and prq to their correct price point. This way, the remaining of oil and gas compan... |
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10/27/2012 1:47:11 AM |
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gwp has hit the nail on the head....state owned takeovers of canadian natural resources is what is happening.....this i not Shell oil on Conoco ......its foreign governments wishing to take over canadian resources cheap....and i mean cheap....the...
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10/27/2012 1:29:02 AM |
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briefer---again read the reuters story....they talk about what you have said but its better they stop the onslaught now and keep the assets away from state ownership of foreign companies .....or do you want to sell everything off in next year....... |
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10/27/2012 1:22:45 AM |
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nrbb....dont shoot the messenger....the reuters story is a long one with all the details---i think they are shell shocked with the thought of state owned foreign companies taking over natural resources.....bernard isauter was on bnn talking about...
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10/27/2012 1:19:42 AM |
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hey chucky, i don't think anyone outside the review board and PMO knows exactly what happened. If our gov'ts are so afraid of onslaught of foreign takeover, why not severe the deal from day 1? Why maintain negotiation and then wait 3 min... |
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10/26/2012 4:37:40 PM |
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