In the realm of energy, a significant development occurred roughly nine months ago when Fury Resources swooped in to acquire Battalion Oil (NYSE:BATL) for a substantial $9.80 per share in cash. Initially, I had reservations about Battalion’s share price, suspecting it was overvalued.
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Disclaimer
The author declares no ownership or plans to initiate positions in any mentioned companies within the next 72 hours. This article is an original work, expressing the author’s personal opinions, and is not influenced by any external compensation. The author has no business ties with any mentioned companies.
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