RE:RE:CJ Will Lose Over 5% Tomorrowantonaki1 wrote: Hard to say where price will go with the current oil sentiment, but it should all be positive as long as the dividend remains safe. It seems like such a sweet deal. It improves almost all the metrics within the CJ chain. The decline rate considering it's light oil, is to die for. The company wanted to increase netback metrics and knew light oil would help them acheive that as well. The price almost seems to good to be real IMO.
You had better look again. This deal looks good becasue of the assumtpions they are making. Things never turn out as perfect as these pump pieces predict. Operating costs remain sky-high, and production actually drops on a per/share basis. How is that good?