RE: Rumours Propane bulk handling equipment is not easily compatible with CO2.
The frac pumps can be used by any of the frac companies with some simple retro fitting, but the propane bulkers/handling/blending equipment is not easily re-deployed for CO2 usage; thus they would not offer much value to a conventional frac company.
The only real asset value of GFS is in their ~100,000HP worth of pumps (50ish units) for conventional frac work, or if a company wanted to take on the whole propane fracing technology for themselves (unlikely at this point).
A conventional Frac pump is ~$1.5M brand new. Why would CFW pay $300M for assets that are worth MAX $75M to them? The additional $225M from the rumor mill is wasted unless CFW wants into the propane market, which would be a real stretch. GFS is showing how limited the propane market is right now.
i would say the rumor is just that: a rumor. Nothing more.