LUK forgave that obligation, just ahead of the spinoff. Since then, CWGL obtained a $50 million
credit line which, according to the announcement, is to be "used for acquisitions." As of the 8/15.13
report, CWGL is debt free, with a book value of $7.87/share.
Now is no time to be shorting TA. Crude prices are conducive for margin expansion, not contraction.
I'm optimistic, here. Everything was in place, last quarter, for a good earnings number. Steady to lower price of crude, translates into wider margins. Results should be out in the first or second week in November.