Sunday, November 27, 2011

BEXP and Fracking

Some folks wonder why BEXP sold out to Statoil.

Can those folks spell "fracking?" Or is it "fraccing?"

E.P.A.

There is a shareholder lawsuit against BEXP:
The plaintiff alleges that the defendants breached their fiduciary duties arising out of the attempt to sell Brigham Exploration Company too cheaply via an unfair process to Statoil ASA. 
If the EPA bans fracking before the BEXP - Statoil deal is closed, the shares of BEXP will plummet, Statoil will back out, and the shareholders will wonder about that old adage, "be careful what you ask for."

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