RE:RE:RE:RE:Just to close ......I get that IAE Management became afraid of their shadows after Athena. Those who know Oil and Gas know risk and reward. No risk = no reward. I've seen both sides - and there's many stories of companies selling out too early and losing huge because they were risk averse.
Selling IAE now may seem very safe to IAE for the reasons you say. But it also may seem very cheap to Delek for the reasons you say. And me as a non-Delek shareholder seeing that IAE management keeps their jobs post approved deal it all appears a little too neatly done.
I doubt you see things any better than I do. You have your opinion. So does RBC/First Energy. I've been around to see many such valuations turn out to be, as you say, rubbish.