RE:I'm surprised the shares haven't gotten a bigger jump
Their debt is already 7.6 billion as of September 30 from what I remember reading yesterday. I remember fighting with that trapping value blogger me saying debt would be 7.5 billion by year end and he saying it would be over 10 billion. Here we are at year end and it looks like debt may have a chance at being low 7 billions or under 7 billion. Giving the company a debt to EBITDA ratio of 5.3 which is lower than before they bought wgl. The new CEO said he never liked having minority interest in projects such as the 3 pipelines in the US. They already sold their interest in Central for $870 million. So they have two huge funding cards in their back pocket plus a huge gas powered plant in California which just got a contract. They have sold nearly their entire market cap in assets and still have grown their EBITDA to 1.3 billion. Things are looking brighter here