2 deals doneSo... Last week Birchcliff... this week... Daylight...I would sugges tthat YOU do a bit of DD Shammy... the M&A train is JUST leaving the station... IF I'm holding PMT I am encouraged by the Daylight metric... doubled down at 2 Billion... (2.2 Billion?)... managment and operations staying in place... smell a bit reminiscent of another consolidation at the hands of Foreigners ( Harvest...and that "other trust" that became TAQA North) anyway Sinopec offers a glimmer of hope that PMT may get a reasonable return from their current state of affairs... and for the record... I NEVER wrote that PMT WOULD gat taken out... only that their upside, debt and current market value make them a potential target... GIVEN... that the current M&A activity seems to be directed at Solid companies... with reasonably fit balance sheets... perhaps PMT will be left to their own devices through this current hunting season...
It's my opinion git yer own