GREY:LSTMF - Post by User
Comment by
blade86caon Aug 17, 2015 5:29pm
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Post# 24025827
RE:RE:RE:Merger
RE:RE:RE:Merger
Just recently CPG cut dividend by more than half , got rid of their drip and reduced capex. If they took on LTS now not only would they have to issue shares to buy company but they also would have to issue additional shares to either eliminate the 1.6 B debt that LTS has or they gotto put that on their balance sheet. Based on CPG latest actions to oil environment Highly unlikely they gonna wanna take on LTS