GREY:TBTEF - Post by User
Post by
bshort92on Dec 09, 2015 10:59pm
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Post# 24371664
Playing hardball
Playing hardball
CIBC and TD been on the buy last week or so. See TBE has paid debt down from $352 to $311 million this year and now they want to steal the outfit in this low priced environment. TBE says fine we put the outfit up for sale. Say oil stays lower another six months then what? OK divvy is over, the transition to low decline, high netback medium oil as good as the Viking and just as prolific is moving rapidly but WCS/WTI prices stink. Now what? So they tell TBE to sell or merge. Big deal.