DealThe market has been expecting or hoping for some jv or land sale to address the balance sheet. Pou did exactly that and its share price is up nicely. What seems to be happening is that tet
management may think that the company can meet its debt obligations with a sale or jv. Management has said it doesn't need cash. If oil and gas remains at these levels, you have a company that has reduced cost of production and is entirely intact when it was trading in the high $20s. Interesing dilemma for the shareholders. Sell land or jv and get an immediate pop. Don't sell or jv but manage to cover your debt and swing for the fences.