ENRJ merger

[setliff]

EnerJex Resources and Black Raven Energy Enter Into Merger Agreement
EnerJex to Acquire Major Position in Third Largest Oil Field in Colorado; Merger Consideration Based on $0.70 EnerJex Common Share Price; Potential Proceeds From Pending Lawsuit Preserved for EnerJex Stockholders

Press Release: EnerJex Resources, Inc. – 1 hour 44 minutes ago

complete article here--

http://finance.yahoo.com/news/enerjex-r ... 00703.html

comments welcomed
jim

[dan_s]

EnerJex is very excited about the merger. It could be a "company maker" for them if they can get the capital necessary to develop the combined assets. Their relationship with WCOF should help with that part.

I have already started talking to EnerJex about presenting to EPG groups in Dallas and Houston soon after the deal closes.

[dan_s]

I've had several calls on this one. My take is that it flops around and ends up around $0.70/share when the merger closes. Assuming the deal closes in Q3, ENRJ should be a much stronger company heading into Q4.

It always takes time for "the smoke to clear" on mergers and major acquisitions.