Finance people are generally a bit younger that the rest of management. The money side today has developed very differently because of computer models and the way information is so easily spread.
They also tend to not become the CEO. The reason here is they are dealing with $$ with is universal to all businesses, but they genrally are not negotiating contracts and the industry nitty gritty of the oil and gas industry.
As with others I await the CCall and will listen to their plans. The new CFO can probably reduce the cost of capital for AMID, but ultimately it will be their asset mix and contracts that make or break it for them.
You make a comment about lower debt costs. That simply is not likely because the fact is debt costs are a factor of the risk (S&P/Moodys/Fitch) rating and the time duration of the debt. Thus a company that is likely to be rated "B" will pay more for debt than one rated higher.
ARB, Sorry, I was not clear on debt/acquisition costs. I understand debt costs, meant that I thought acquisitions might be made at lower costs as AMID addresses deals too small to attract major players. I'll watch to see what they can do.
>>>Campbell is about a decade younger than existing VP of finance and the rest of top management--any thoughts on the possibility of his eventual accession to CEO?<<<
I read somewhere that Flower was leaving.
From what I know of Dan Campbell-He is a very bright young man that grew up step by step under the guidance of excellent managment helping MWE grow 8 to 10 fold in the last few years. I go back 8 years when MWP (the GP) had a market cap of about $140M and used to trade a few hundred shares a day, on busy days. Campbell came along about 6 years ago amd step by step he got promotions and helped MWE grow and it appears he had to step away to go further. Nancy Beuse is a financial genius and much too young to retire.
I'm sure his age vs the top guys factored into his decision to go to AMID. Of course a handsome salary-Excellent bonus incentive- and receiving 10,000 phantom units in a company with only 4.5M units.
I don't know who looked for who- but it appears that from his background history at MWE they wanted him as much as he wanted them --or more.
The opportunity in this tiny company, is here for him to produce. The company being so small means to me that it won't take much to move the needle for him as CFO or for us as investors.