RIP Ripper oil and gas is waiting for a buyer.
Posted: Thursday Jul 21 12:09:58PM 2005
TD sold a lot of shares and then CIBC did the same thing. The price is around $1.70 now. Northern picked up most of the shares from TD and CIBC. Anybody has any idea?
Posted: Monday Jun 20 5:02:13AM 2005
I mentioned this one around $1.50 and now its climbed to $2.00 per share. The bids for this company are due on June 22, and they hope to have the sale all wrapped up by the beginning of July. I have polled about 6 different investors on this one and they all seem to agree the most likely sale price will be in the $2.50 area. The NAV is $3.30, but because of its long RLI of over 20 years it gets a heavy discount to NAV.