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the shares have been heading south ever since the deal was announced.Doing this deal was outside their main business line.Doing this deal with a Chavez company was not a good idea either.The sixty-one million dollar hedge loss is a very expensive lesson in how to hedge asphalt product.The credibility of management is being tested.
Ever since the deal was announced OIL has skyrocketed. Might have something to do with that Einstein.
I guess their business plan (pure genius) included oil going down to 75 or lower.If that is the best they can predict, this company is in major, major, major trouble.
The Citgo deal may work wonderfully in the long-run, but there are many investors who are very frustrated by this deal.If you doubt that pick up the phone and call the investor relations department of NS.