Silverbow, Laredo
Silverbow, Laredo
Dan, I just read in this morning's Hart Energy newsletter that an outfit named Kimmeridge bought Laredo, and failed in negotiations to buy Silverbow, which prompted Silverbow to adopt a poison pill. What are the implications of both situations on the respective stocks? Perhaps you can speak to both managements, and let us know.
Re: Silverbow, Laredo
They acquired Laredo Energy, not Laredo Petroleum (LPI).
https://www.laredoenergy.com/
SilverBow's poison pill is to avoid a hostile takeover, which imo is a good thing.
https://www.laredoenergy.com/
SilverBow's poison pill is to avoid a hostile takeover, which imo is a good thing.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Silverbow, Laredo
As you can tell from my valuation, I believe SBOW has a lot more upside for us. The fact that Kimmeridge was attempting a takeover tells you that they agree with me.
Q3 result for both companies should be outstanding.
Q3 result for both companies should be outstanding.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Silverbow, Laredo
The stock got pummeled on the poison pill
Re: Silverbow, Laredo
That is because Kimmeridge dumped their shares.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group