through 2016 minimum. One think I have learned if a CEO lips are moving they are liars. They are all there for what they can suck and heck with us.
After everything calms down, the statement the Saudis said they intend on working with other oil producers......(they have realized they can't win nor make it on $40 oil) mark my words they will cut come December 4th meeting. ARP needs to cut debt but nor do I think at that extreme. the price will bounce back and when they get the house in order and higher oil prices they will start Raising the distribution again one year from now we will be 7-8 bucks a share so let them sell and buy on the cheap
Yeah they made it sound like it was the banks requirement for the line BS. BTW when did a bank stand over anybody and said this is how your going to use your line and we know more about your business than you
Since the announcement of their intent to buy out totally NGLS they have destroyed market cap in both companies........doesn't this matter, do they care? Doesn't this affect the deal and an idiot can see they are trying to steal it. Was the objective , to run the price down so they can say look dummies $36.09 is a great deal but of couse its not its based upon the price at closing x .62.
BTW my vote is NO
that will straighten them out real quick.
Then this deal is not even close.......................................................
You are very correct and both stock movements are saying to management NOT GOING TO HAPPEN.
your are getting diluted and we receive -0- but a huge tax bill if they want it its going to have to be a 1 for 1 deal
As far as a deal with NGLS its not going to happen. The NGLS stockholders get nothing but a loss on the stock and have to pay taxes on the deal.
Are they laying low with egg on their face?
bonzo like us at today's TRGP CLOSING PRICE of $48.37 if it were to close today forget 11/2
NGLS and all of above would get 48.37 x .62 = $29.98 no one including above will approve that that's why everyone is running ten price down.
I am thinking TRGP stakeholders not liking the deal either and feel they are getting dilluted thus price drop.
At todays price and say it closed today forget about 11/2 ....48.37 value / share x .62 = $29.98 nobody is going to approve that.....they need to go back to the drawing board with like $40.00 per share with skin, cash and stock.