GREY:WFREF - Post by User
Comment by
wilwalon May 20, 2016 12:25pm
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Post# 24892723
RE:RE:RE:RE:RE:RE:RE:changchung sinoenergy down another 8.74% last night
RE:RE:RE:RE:RE:RE:RE:changchung sinoenergy down another 8.74% last nightI understand that the capacity to close the deal is not part of IC's parameters.
I think you are quite right that negotiations to extend might not start until IC approval. Regardless, as I have stated before, the risk here is not IC's approval as this is a slamdunk positive for Canada (positive for the banks and oil patch employment), but Sino's ability to close is the risk.
I highly doubt that Sino wants to walk away from the $20 million in escrow so if the deal collapses eventually, it will only be after Sino has done everything they could to close it.