PCL 33.3% 0.2¢ pancontinental oil & gas nl

pcl - speculation on hdr interest??

  1. 15,966 Posts.
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    Here's a speculation/thought that I had overnight after yesterday's price action in PCL:

    Could HDR be interested in aquiring PCL?? This could explain the recent rise as well as the Kenyan leases. Why would HDR be interested:

    1) Kenyan leases in JV with WPL and Dana - that would fit into their strategy absolutely.

    2) Jingemia equity - PCL's 1.2% would add to cash flow for HDR near-term

    3) PCL are cheap with a market cap of only a few million.

    Any comments on this possibility ??

    H
 
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