Finally CFCFS have put their words in writing. Shrewd writing, indirectly bringing out their negativity on the counter. Here is their conclusion:
"It is likely that KenolKobil presented a great takeover opportunity for Puma Energy at a price that was acceptable by KenolKobil. It is however unclear if the takeover was one of a company in distress. The deal in my opinion will go through as the majority shareholders have agreed on a price to sell their stake and the minority shareholders will have to sell the remaining stake at a price to be set by the regulator. The biggest question at the moment is, what is the price? There is no definitive answer as of yet. The reasons behind the recent trading activity ceases to be based on fundamentals, and the price ceases to be a reflection of the intrinsic value of the company, but rather the function of bets between speculators on what the buyout price will be and whether the market can offer a better return. The result, uncertainty. Whether this house is made of straw, wood or brick is a non issue, it might as well be made of a combination. All in all, the house will likely be off the market soon."