OPHRY - Ophir Energy Is Takeover Target With Activist Involved And Improved Strategy
Ophir Energy (OTCPK:OPGYF, OTC:OPHRY) is an exploration and production (E&P) company in the Oil&Gas sector. Ophir was listed on the London Stock Exchange in 2011 and has a market capitalization of about $407 million. I think the situation is interesting, because it trades under a recent bid by Medco, has an activist involved and is improving and de-risking operations.
History
Ophir Energy has a value destructive past. About 29.4% of the company was sold for 250p (British pence) per new share at their IPO in 2011 or in other words the company