GREY:ROAOF - Post by User
Comment by
radmanjeffon Jan 03, 2009 3:27am
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Post# 15679580
RE: RE: Recent Email from NEXEN I got. They have b
RE: RE: Recent Email from NEXEN I got. They have bBut the thing with this company is that they will have over 1 bill of free cash flow thrown of their existing business. They just spent 735mill to buy a 15 percent stake in a company that they were 50 percent partners with and still have lots of cash left over. Yet their market value has dropped from 25 bill to around 6bill and they might get taken over by TOTAL from France!!! Yet why our company can't forward sell production as a short term way to survive is beyond me.