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CTA $1.30 too much?
Jul 25, 2009 02:29PM
Somehow, I still think any buy around $1.30 will end up a winner, in time.
Natural Gas is under $4.00 and the US reserve, I hear, is above average, CTA trades around 1.10 to 1.20 and seems to have resistance whenever if falls below that. The latest news: "
Crocotta Energy Inc. has entered into an agreement to acquire a private company (Privateco), for total consideration of approximately $80-million, subject to regulatory approval, Privateco shareholder approval, the completion by Privateco of a purchase of assets from a third party and other conditions. In accordance with the agreement, Crocotta will issue approximately 19.9 million shares at $1.40 per share to Privateco shareholders, and assume debt and obligations of approximately $52-million."