Nov. 14 at 7:44 PM
$MUR
AMPY, wants to sell the company, recently announced
$220M in asset sales, equating to
$5.50 per share.
AMPY’s off shore rig and permits in California is its crown jewel. I infer they are evaluating & countering multiple bid offers from oil and refining companies.
Insiders and institutions hold all the outstanding real shares.
$15+ trading at
$5.50
Murphy Oil may be one of the bidders for AMPY oil rig and permits and they have bought from AMPY in the past.