GREY:LSTMF - Post by User
Comment by
jerrybeon Sep 26, 2014 10:24am
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Post# 22973171
RE:RE:News
RE:RE:NewsAs much as I was angry at the firm for selling a core asset (instead of a non-core disposition as announced)...it is turning out to be a decent sale after all. We do not have the counterfactual but we would surely also be punished if we had not reduced debt significantly.
It is carnage in the E&P sector...in particular in Canada, SOG, SGL, LTS, and so many more...quite a few opportunities out there for larger firms to pick up assets on the cheap. ECA is shopping and I am sure others also...with a long term view of LNG and Keystone XL being approved (I know a pipe dream for now)...this could be an amazing opportunity. Buy when everyone is selling, isn't that the advice?