RE:RE:RE:RE:RE:RE:do I have you all on ignore?StanGiroux wrote: My bet is the debt to equity deal that LTS announced last night is all a part of the strategy of them being acquired....
The carnage at Lightstream and Twin Butte will be interesting to watch from a distance (thankfully)! The Secured Note Holders at Lightstream have the leverage and they are using it to their advantage which is actually the way it’s supposed to be.
What Twin Butte proposes to do to their Debenture holders is basically “Robbery by Thieves in Suits” but they may get away with it…
I have learned to “never say never” but I suspect that Crescent Point will watch this from a distance. Lightstream has been attempting to sell their SE Sask. assets for a very long time. Many had assumed that Crescent Point was the most likely purchaser but nothing got done.
It has also been rumored on this board the Crescent Point was the successful bidder for Husky’s SE Sask. assets but unless I missed it there has been no announcement that those assets have been actually sold to anybody.
Given Crescent Point’s tendency to make acquisitions it’s not like them to “sit on their hands”. That said due to the uncertainty re. commodity prices for the near-mid term I believe that Scott Saxberg will be cautious and wont make a deal just for the sake of making one. They have lots to do with the assets that they already have. No Deal would be better than a Bad Deal.
As Always; Do Your Own Due Diligence; It’s Your Money !!