RE:RE:RE:RE:...May be forced to increase stake in Petogas..Afaik it cost $440million to get into the partnership. Half that, adjusted for whatever other money that might have gone in or out, and for inflation etc, gives us a starting point. Future prospects is an unknown, but they have changed since the JV was created.
Not a situation I like. I’m hearing the same echos you are.
YodaLayhehoo wrote:
I guess we don't know the terms of the deal or the reason why the private company wants to sell. If it turns out being a large investment I agree it's not best to be forced into it. To have an option like this in a contract shows that the incompetent old management is still coming back to haunt us. We can't get these meats heads off our backs.