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Member
AWE and ARQ both in a trading halt. Probably to confirm they are tying the knot.
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Member
off the wire:
AWE to buy Arc Energy for $508m
Oil and gas producer Australian Worldwide Exploration is proposing to buy oil firm Arc Energy for $508 million in a cash and share deal, a source familiar with negotiations said.
``Its a cash and share deal which will value Arc at about $1.58 a share,'' said the source who declined to be identified because he was not authorised to speak on the matter.
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Zac,
ARQ last traded at $1.54 before trading halt...
Thats virtually no premium at all to last trades...
...
B,
tell AWE to keep printing money...
its not enough...
.^sc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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I am kicking myself not having any AWE in the portfolio. Its been on my watchlist for sometime, but just havnt got around to buying some. 
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Member
I am disappointed myself at the lack of premium. ARQ is accepting less for shares than I paid for them. Hopefully ARQ shareholders will get AWE shares in lieu of cash at a discount to todays price. I have been a long term shareholder of AWE (up 89% on cost) and would be very happy to add to my holding.
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Member
 Originally Posted by Shrewd Crude
Zac,
ARQ last traded at $1.54 before trading halt...
Thats virtually no premium at all to last trades...
...
B,
tell AWE to keep printing money...
its not enough...
.^sc
Sorry but you're a bit wrong there mate. You have to take it from the close on the 13th of April, before the first announcement of a possibility of a tie-up. Then, they were hovering around $1.20, so this represents a %30 appreciation
Last edited by peterb; 24-04-2008 at 04:04 PM.
Reason: spelling mistake
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30% sounds pretty fair to me. It's AWE that's getting all the cash from 42.5% of Tui!
Besides, I hold more AWE than I hold of ARQ!
Last edited by macduffy; 24-04-2008 at 04:12 PM.
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peterb,
I could have worded that abit better...
yes, it is at a premium to its recent SP..
it is not at a premium to its real valuation and worth IMO...
I saw a research valuation report a few years back, by Carmichael... this report valued ARQ at $1.53 when oil was $40...
sure the report is a few years outdated now.... Oil is three times higher
A whole new beast is upon us, AWE have attacked in the right market
for a cheaper price...
AWE will likely steal this company at a discount but a premium if you know what I mean...
ARQ has great Strategic assets in Perth and Canning basin with drilling rig fulltime between the two....
Oil and Gas prices have outweighed ARQ's falling oil and gas reserves...
factor in future prices above what they are now...
I could be wrong, I think ARQ is worth more...
any views?
.^sc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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I see ARQ as being undervalued by the market, whereas AWE is simply trading at fair value.
I though fair value for ARQ was closer to $2
I hold ARQ as I saw its shares as being cheap, would I want to swap my shares in an undervalued Co for a fully valued company ? No thanks, I'd prefer cash !
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As far as I can tell, it's only an assumption that this will be a share deal.
It could be that the AWE offer will be, at least partly, for cash.
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