it was billed as accretive and I'm not sure if that turned out to be the case. I think they should have held to their original offer on a take it or leave it basis and the institutions would have caved.
you're right but given the irrationality connected with the drop in oil prices it may become a bigger bargin
sounds like anything they buy will be a side deal with the private capital firm. seems like a conflict with current shareholders. thoughts?
banks and insurance companies are on the other side of the hedges not to mention all of the money that they have also loaned to them. As warren would say...the tide is about to roll out and we will see who is standing naked. rails are going to get smacked also.
they are just journalist making a head line. if they had any brains they might get an analyst job at some third rate bank. if they really knew what they were doing they would be working for or running a hedge fund and making some good money.
the government has never needed a reason not to. This issue isn't even on the radar yet but it's going to be.
Having been through this a couple of times. Here are a couple of things to think about.
1. current break even prices in the oil patch are based on boom prices. rig rates and services will drop like a rock changing the break even point.
2. natural gas has a good chance of increasing in price because much of the gas produced today is a by product of shale oil production
3. companies that are well hedged can probably last longer than dictators facing an increasingly cold and hungry populace because their budgets have cratered due to low oil prices. In short, a few months down the road they are going to be having different opinions on production cuts. GTLA