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Silverbow, Laredo
Posted: Thu Sep 29, 2022 7:47 am
by mkarpoff
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
Posted: Thu Sep 29, 2022 8:22 am
by dan_s
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.
Re: Silverbow, Laredo
Posted: Thu Sep 29, 2022 9:08 am
by mkarpoff
Thx
Re: Silverbow, Laredo
Posted: Thu Sep 29, 2022 10:03 am
by dan_s
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.
Re: Silverbow, Laredo
Posted: Thu Sep 29, 2022 11:54 am
by Fraser921
The stock got pummeled on the poison pill
Re: Silverbow, Laredo
Posted: Thu Sep 29, 2022 2:07 pm
by dan_s
That is because Kimmeridge dumped their shares.