RE:RE:RE:RE:RE:RE:RE:9.50$ tomorrow Topaz was formed because TOU did not get a proper evaluation for their infastructure assets. Moving those assets into TOPAZ allowed TOU to remove pressure from it balance sheet, and get a high multiple for those asset. TOU now get a dividend from TOPAZ so did their cost really go up that much?
What would it look like for VII generation if they sold 3 gas plants for 1.5 billion dollars. They are already paying 7 percent interest on 1.5 billion dollars.
The would have 100 million dollars in reduced interest cost, zero debt and yes their operational cost would go up but the company would have 5 dollars a share reduced debt on the balance sheet.
VII generations needs a leadership change i vote yes, but to dilute the share holders with ARC resources, i vote no to Stupidity in the form of a merger with ARC resources.
IMHO