Special Situation stocks

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07 Sep 2017 15:18 #24028 by BNN
Replied by BNN on topic Special Situation stocks
CWT halted trading today ahead of EGM of HNA.

Quotes for buy and sell are now $2.30 -- $2.30 .

Obviously at the EGM shareholders have approved the purchase of CWT!
Offer price is $2.33

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30 Nov 2018 07:34 #24581 by Garak
Replied by Garak on topic Special Situation stocks
How about REX? Share price only 7 cents after oil price dropped.
But REX is not producing oil yet. Will start in 2H2019 and then the price of oil may be higher.

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28 Jan 2019 21:18 #24651 by Garak
Replied by Garak on topic Special Situation stocks
Long ride up this afternoon after REX announced the US$45 million deal to sell its stake in North Sea oil resources. It's a lot lower than expected compared to when they gave the Powerpoint presentation 1 year ago about their NAV

infopub.sgx.com/FileOpen/20180425_RIHGro...cement&FileID=500813 "

but crude prices have slid a lot since, especially in 4th Q of 2018..
REX still undervalued becos of Oman Block 50 oil resources.

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30 Jan 2019 16:01 #24656 by pine
Replied by pine on topic Special Situation stocks
....message from some broker circulating on Whatsapp regarding positive upside for REX:

EVENT-CATALYSTS:

A. Early Feb 19:
Likely details of more potential Buyers of its Norway stake
B. Early Mar 19:
Likely expert report out
C. Early Apr 19:
Document of commerciability on Oman likely out

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15 Mar 2019 07:29 #24690 by pine
Replied by pine on topic Special Situation stocks
REX -- how?

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