written by reader Keith Kohl Investment Director, Energy Investor

By uil108, March 8, 2013

Can anyone advise the companies being touted below:
I’ve uncovered evidence that could help you wake up much richer one day soon — when the next blockbuster oil deal is announced.
You see, a few weeks ago in an obscure SEC filing, four executives of one small oil company quietly announced ”golden parachutes” worth millions of dollars to them.
Here’s an excerpt from that filing:
Pursuant to the Amendments, Employer agreed to increase the salary portion of the benefits payable to the following Officers in connection with a termination following a ”change of control” (as defined in the Original Agreement) (”Change of Control”), as follows:

Former Salary Portion of Change of Control Benefits
Revised Salary Portion of Change of Control Benefits under Amendment
Mr. XXXXXX 24 months 30 months
Mr. XXXXXX 24 months 30 months
Mr. XXXXXX 6 months 24 months
Mr. XXXXXX 6 months 24 months
Now, all four of these guys aren’t about to get fired at the same time. Really, there’s only one reason to do this…
The company they work for is about to get bought out. And it’s likely to happen soon.
I think the buyout price will be 75% higher than the current share price of $9. It could be more.
My name is Keith Kohl. My oil investment newsletter, Energy Investor, is read by nearly 20,000 individual investors. And that’s because I consistently find highly-profitable situations in the energy markets — like the one I just told you about.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.



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March 10, 2013 1:47 pm

It is KOG. Take a look at the company website go back a few weeks on the 8K filing and the information is in the 8K for verification

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