GREY:ARWJF - Post by User
Post by
ShatnersRugon Feb 10, 2015 10:19am
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Post# 23413864
"The Deal"
"The Deal"
Perhaps it's not so bad a thing that CC hasn't inked a financing deal as of yet.
Oil price is set to drop lower in 2015H1. Not the best scenario if adding X million $ in new debt to the bottom line.
WCS at around $39CAD now. Let 'em pay off that which they owe over the next few months and eliminate capex and other idiot spending. Sign the deal when oil price increase assured. Think about it. If CC signed a deal when WTI was in the $75-$80 range, Aroway would have been up Schitt's Creek without a paddle.
Looks like being a masturbator worked out pretty well for everyone involved.
Giggety gooooo...........ZZZzzzzzz