any more thoughts on why we are not seeing the stock climb today? High trading volume but no increase in price. Worries me a little. I never trust oil executives.
BSTI
- Thread starter REBEL YELL
- Start date
Not sure, but I have read that the executives have restricted shares. So, they stand to gain from only the buy-out at this point (in the short-term). Therefore I don't think this bid is artificial or management isn't trying to run up the stock price to dump their shares.
bought some at 1.33 figure as long as the buy out goes through after commision i will make like .80 a share
It's not moving any more than it has because it's a pink. Pinks create immediate doubt with investors. Don't worry about the pps for now. Just sit back and wait for the 10th. I've done hundreds of hours of DD on this one. There is NO safer pink to be in.
Relax and wait, and go NDOL
Relax and wait, and go NDOL
Nord Oil International's Offer Turns to Merger Talks
05-08-06 09:35 AM EST --(MARKET WIRE)--
MONTREAL -- (MARKET WIRE) -- 05/08/06 -- Nord Oil International Inc. (OTC: NDOL) announced today that the board of directors of both Nord Oil and North-West Oil Group have worked through the last weekend and have signed a letter of intent for the benefit of all shareholders to merge the companies and create a truly dynamic oil and gas company.
The negotiated merger value was based on the recent unsolicited offer made by the North-West Oil Group and therefore providing a guideline on total value of the new entity.
Management expects to finalize and or agree on merger terms on or before May 12, 2006. "The combined entities will quickly exceed revenue expectations and profit," said Mr. Makarov, President of Nord Oil International Inc. "We were always hoping that the North-West Oil Group would agree to discuss a merger as oppose to an acquisition and if completed this will truly create substantial shareholder value from the great synergies existing between our companies," further added Mr. Makarov.
05-08-06 09:35 AM EST --(MARKET WIRE)--
MONTREAL -- (MARKET WIRE) -- 05/08/06 -- Nord Oil International Inc. (OTC: NDOL) announced today that the board of directors of both Nord Oil and North-West Oil Group have worked through the last weekend and have signed a letter of intent for the benefit of all shareholders to merge the companies and create a truly dynamic oil and gas company.
The negotiated merger value was based on the recent unsolicited offer made by the North-West Oil Group and therefore providing a guideline on total value of the new entity.
Management expects to finalize and or agree on merger terms on or before May 12, 2006. "The combined entities will quickly exceed revenue expectations and profit," said Mr. Makarov, President of Nord Oil International Inc. "We were always hoping that the North-West Oil Group would agree to discuss a merger as oppose to an acquisition and if completed this will truly create substantial shareholder value from the great synergies existing between our companies," further added Mr. Makarov.
Market isn't really liking this news. I had a bad feeling last friday, I thought about cashing half of my stock in. Hindsight always 20/20. Anyone with any info on the merger company?
North-West Oil Group
North-West Oil Group (SNZG)
The SNZG is a for a non-American exchange b/c I can't get any info.
North-West Oil Group (SNZG)
The SNZG is a for a non-American exchange b/c I can't get any info.
I think we may have hit the bottom floor on this one. Really the only reason to be worried about a merger vs a cash buyout is the liquidity factor. Its not like the board members are going to hand over NDOL, but the share swap details is what to look for next.
Nord Oil Provides Details on Recent Purchase Offer and Merger Talks
E-mail | Print | | Disable live quotes Last Update: 1:48 PM ET May 8, 2006
MONTREAL, May 08, 2006 (MARKET WIRE via COMTEX) -- Nord Oil International Inc. (NDOL : nord oil intl inc com
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Last: 1.00-0.32-24.24%
1:38pm 05/08/2006
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NDOL1.00, -0.32, -24.2%) today provided its shareholders with details concerning the recent purchase offer and current merger talks.
According to management, the recent purchase offer still stands until an agreement can be made, which would provide Nord Oil shareholders with a premium to the $2.17 offer. "Our intent is to create value for our shareholders and if it means taking the purchase offer versus a merger, we will. However, if we can establish merger terms more favorable to Nord Oil shareholders, we will opt for the more suitable conditions" said Mr. Makarov, President of Nord Oil International Inc.
It should be noted that the purchase offer and or the merger terms will be submitted to shareholders for approval.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior company trading under the ticker symbol NDOL on the US Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Viatcheslav Makarov President Nord Oil International Inc. Vmakarov@nordoil.com 514-591-3666 www.nordoil.com
SOURCE: Nord Oil International Inc.
mailto:Vmakarov@nordoil.com http://www.nordoil.com Copyright 2006 Market Wire, All rights reserved
E-mail | Print | | Disable live quotes Last Update: 1:48 PM ET May 8, 2006
MONTREAL, May 08, 2006 (MARKET WIRE via COMTEX) -- Nord Oil International Inc. (NDOL : nord oil intl inc com
News , chart, profile, more
Last: 1.00-0.32-24.24%
1:38pm 05/08/2006
Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
NDOL1.00, -0.32, -24.2%) today provided its shareholders with details concerning the recent purchase offer and current merger talks.
According to management, the recent purchase offer still stands until an agreement can be made, which would provide Nord Oil shareholders with a premium to the $2.17 offer. "Our intent is to create value for our shareholders and if it means taking the purchase offer versus a merger, we will. However, if we can establish merger terms more favorable to Nord Oil shareholders, we will opt for the more suitable conditions" said Mr. Makarov, President of Nord Oil International Inc.
It should be noted that the purchase offer and or the merger terms will be submitted to shareholders for approval.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior company trading under the ticker symbol NDOL on the US Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Viatcheslav Makarov President Nord Oil International Inc. Vmakarov@nordoil.com 514-591-3666 www.nordoil.com
SOURCE: Nord Oil International Inc.
mailto:Vmakarov@nordoil.com http://www.nordoil.com Copyright 2006 Market Wire, All rights reserved
Look for a PR tomorrow. This has been confirmed.
We very well may see $3 if this is a merger deal for stock.
Good Luck to US
We very well may see $3 if this is a merger deal for stock.
Good Luck to US
From another site I heard PR on friday and another rumor which I don't really believe....which is the original buyout of 2.17 a share plus one share of North-West Oil Group for every 5 shares you own of NDOL. Why do you say the $3...AMEX listing factor???
From another site
NDOL PR is out. Merger finalized and estimated value at 2.20 per share. Since these are pretty closely tied with AURC I figured you guys might want to know.
NDOL PR is out. Merger finalized and estimated value at 2.20 per share. Since these are pretty closely tied with AURC I figured you guys might want to know.
Nord Oil International and the North-West Oil Group Agree on Merger Terms
Wednesday May 10, 9:00 am ET
MONTREAL--(MARKET WIRE)--May 10, 2006 -- Nord Oil International Inc. (Other OTC:NDOL.PK - News) announced today that the boards of directors and majority shareholders have approved and signed an Agreement on merger terms with The North-West Oil Group.
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According to the company, Nord Oil International Inc. will acquire by way of a reverse merger 100% of the outstanding shares of two divisions of the North-West Oil Group, namely "North-West Oil Group-Saratov" Ltd. and Company "Neftegazenergo" Ltd. As the result of that merger, Nord Oil International shareholders will own a total of 41% and the shareholders of the North-West Oil Group will own 59% of the newly created entity to be renamed the Northwest Oil Group.
The total merged enterprise value is currently estimated at USD $1.25 billion, representing approximately $2.20 per Nord Oil International shares post merger.
The current board of directors is being changed to include 4 members appointed by the North-West Oil Group shareholders out of a total of 7 board members. Effective May 11, 2006, Mr. Makarov will have resigned his functions of President and CEO and Mr. Ernest Malyshev, President of North West Oil Group has been appointed the new President and Chief Executive Officer.
Management will proceed to fill the appropriate forms with the SEC such as the PRE 14C and 8K required to make said merger effective. Complete disclosure on the North-West Oil Group will also be provided on form 8K on or before May 15, 2006.
"We are very happy for all our shareholders. Being acquired is one thing, but joining with such a prominent oil and gas company is truly remarkable and one that will create substantial shareholder value," said Mr. Makarov, President of Nord Oil International Inc. "The combined revenues from oil production and reserves will create one of the great oil and gas companies, now and for many years to come," further added Mr. Makarov.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior company trading under the ticker symbol NDOL on the US Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact:
Contact:
Viatcheslav Makarov
President
Nord Oil International Inc.
Vmakarov@nordoil.com
514-591-3666
http://www.nordoil.com
Wednesday May 10, 9:00 am ET
MONTREAL--(MARKET WIRE)--May 10, 2006 -- Nord Oil International Inc. (Other OTC:NDOL.PK - News) announced today that the boards of directors and majority shareholders have approved and signed an Agreement on merger terms with The North-West Oil Group.
ADVERTISEMENT
According to the company, Nord Oil International Inc. will acquire by way of a reverse merger 100% of the outstanding shares of two divisions of the North-West Oil Group, namely "North-West Oil Group-Saratov" Ltd. and Company "Neftegazenergo" Ltd. As the result of that merger, Nord Oil International shareholders will own a total of 41% and the shareholders of the North-West Oil Group will own 59% of the newly created entity to be renamed the Northwest Oil Group.
The total merged enterprise value is currently estimated at USD $1.25 billion, representing approximately $2.20 per Nord Oil International shares post merger.
The current board of directors is being changed to include 4 members appointed by the North-West Oil Group shareholders out of a total of 7 board members. Effective May 11, 2006, Mr. Makarov will have resigned his functions of President and CEO and Mr. Ernest Malyshev, President of North West Oil Group has been appointed the new President and Chief Executive Officer.
Management will proceed to fill the appropriate forms with the SEC such as the PRE 14C and 8K required to make said merger effective. Complete disclosure on the North-West Oil Group will also be provided on form 8K on or before May 15, 2006.
"We are very happy for all our shareholders. Being acquired is one thing, but joining with such a prominent oil and gas company is truly remarkable and one that will create substantial shareholder value," said Mr. Makarov, President of Nord Oil International Inc. "The combined revenues from oil production and reserves will create one of the great oil and gas companies, now and for many years to come," further added Mr. Makarov.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior company trading under the ticker symbol NDOL on the US Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact:
Contact:
Viatcheslav Makarov
President
Nord Oil International Inc.
Vmakarov@nordoil.com
514-591-3666
http://www.nordoil.com
I think that if the proposed merger is 2.20 a share and NORD-OIL gets 49% of the shares - the stock price would be 1.08. I'm not quite clear on the wording of the news. Its not crystal clear. I could be wrong though
Way out West said:
from another site....
what's a little confusing;
- it appears demontrative that Nord is getting 100% of two NW divisions, and in effect 41% of the entire company. That means we get a 41% piece of NW's action for years to come.
I think that the share structure of the copanies within NW might be separate right now, otherwise, why say that we are getting 100% of 2 divisions and not just 41% of entire ?
Either way, Makarov is gone, and we're in the hands of Malyshev.
