RE:RE:Balance Sheet Just Got StrongerThis entire "sell off" is nothing but bullsh*t. Excuse used by traders to push money out of peoples pockets into their own. Once the dust settles and people take a sobre look I think they will appreciate the deal.
They picked up a strong company with very little debt at a very opportunistic price. It changed their metrics considerably and should go a long way to address the debt "fears". Yes there are more shares but there is also a lot more company. If they now spin of some of their assets and throw it towards debt I beleive the market will reward significantly. Will it return to $45.00 a share? Probably not...but $25- $30 - yeah i think so.
Oil is going up(there will be shortfall) - all the posturing aside - Putin and Saud want high oil price - they own Trump - it will happen. Follow the money.