The week may be coming to an end, but investors are going to continue to hunt for the latest stocks to watch, and the Metawells Oil & Gas Inc. (OTC:KOSK) stock could well be the one to watch this morning. There are many companies that could be in focus today, but it may be a good time for investors to consider taking a look into Metawells Oil & Gas.
Announcement
On Thursday, the Chief Executive Officer and Chairman of Metawells Oil & Gas, Ron Minsky, stated that the board of directors of South Plains Petroleum had voted unanimously with regards to a business combination and reorganization of both companies. It was a significant new development for Metawells Oil & Gas, and it would be interesting to see if there is any movement in the stock in light of the pronouncements from the related parties.
Key Details
In the news release, the CEO of South Plains noted that the board of directors of the company delivered a convincing verdict with regards to the business combination. The transaction in question would involve the exchange of Metawells Oil & Gas shares 1.5 for South Plans shares.
