Why does VII generations need Arc? They Don'tIn Q4 Tourmaline have CF of total Revenue of $ 688 million.
In Q4 VII generation had Revenue of of 714 million dollars.
So VII generation revenue is already higher than Tourmaline in the last quater.
Vii Generations had FCF of 149.1 million dollars in Q4.
Fourth quarter 2020 free cash flow(2) was $144.8 million. (TOU)
Tourmaline generated $273.9 million in free cash flow in 2020. (Not Much)
Q1 2021, VII generation could possibly generate more than the entire 2020 year of FCF number for TOU, depending on their agressively they spend their CAPEX.
IMHO
The is obscene and anyone that votes yes for this deal is Brain Dead.
VII generation on its own is worth more than tourmaline, and should be trading for 25 dollars a share.
IMHO