I see no problem,this and 5 other oil related stk i hold up today and ns up 94ct after hours.fro oil tanker vlcc ships has paid 2xtra div amounts to 14%.oil killing those not invested in the wicked stuff.ns will be fine hold on
Exactly, Greehey and Anastasio never released the exact ebitda, but they kept hinting that they bought it at a refinery multiple (which is around 6x). So, when you factor in the total purchase price, inventory and even the hedging losses, they still got this baby at about a 6x ebitda multiple. The plan is to hold back about half the cash flow. I have no doubt that Greehey and company will have these operations running better than they have ever run and will continue to inject capital into the business to boost and optimize production. This will be fabulously accretive in the long run, especially given that the current market for acquisitions in inflated.