24 cents a share Verses 3 dollars a share
That is the question, to be a begger on the street or to be a company that generates real cash flow.
This is a bad bad deal, and if VII generation makes it though this mess it should immediately instate a .48 cent dividend and thumb their nose and that measly Arc offer. (that will only cost them 170 million dollars and they still have 800 million to pay down debt.
Worst deal i have ever seen, especially when condensate is trading for 64 dollars U.S. or roughly 81 dollars canadian.
IMHO