RE:RE:RE:trading update
40 mil revolver, +20M accordian avail....liabilty is unlikey and def. would be appealed.
We also have taken a 1m share position in CWC CN..valuation similiar to ESN. One could make the case for a merger of equals following by a divestment of CWC's service rigs to PD or HWO. Outright M+A is tough in the space at the moment BUT service line consolidation is happening and will continue. Brookfiled pvt equity holds almost 78% of CWC...the ball is in their court.