GREY:NKRSF - Post by User
Post by
fruitcakeon May 29, 2014 11:47pm
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Post# 22613214
Can someone help with this analysis ?
Can someone help with this analysis ?So if BP is willing to pay $7B after production issues came up for a 30% interest in these oilfields then wouldn't it stand to reason NKO's 10% interest be worth approx. $2.4B ? That's about $25 per share. Why not sell to RIL or BP ? Does it make any sense to risk bankrupsty when RIL/ BP have the deep pockets to see this thru ? Is management exploring this option ? Who are the players involved with the refinancing and why would substancially all the assets of this company be pledged for a 330M line of credit ? RIL and BP are suggesting 5-8B capital spending in next 2-3 years so how is NKO going to come up with approx. $800M ?