RE:RE:RE:Pioneer Pipeline closing gets pushed out fartherIt's just an entity change, not material, and certainly nothing to justify 6 mths delay unless all previous due diligence is deemmed worthless. Regardless the optics are incredibly poor from any angle this stuff simply does not happen on this size of deal except in bannana republiks where the politicians or cartels force a last min change to get their cut.
2020oilgamble wrote: As the following from the June press release identifies @firstworld, deal was struck and confrimed as planned. now waiting on CER approval.
June 18 press release
it has entered into a definitive Purchase and Sale Agreement with respect to the previously announced sale of the Pioneer Pipeline to NOVA Gas Transmission Ltd., a wholly-owned subsidiary of TC Energy, for total cash consideration of
$255.0 million (the "
Pioneer Transaction").
firstworld wrote: Clearly the deal is on the rocks. The news will just get worse as the skeletons are revealed.
valuguy wrote: The closing of the Pioneer Pipeline gets pushed out by 6 months.This is not what Tidewater wanted.