RE:Good companyfor a buyout, no debt, good cashflow etc. A buyout the tax loss pool of 500 millions should also be considered given that most oil companies would be reporting good earnings just to lower their tax bill..
38 % of taxable income ..500m x.0.38 this allow is equal to about 190m tax bill..
381m market -190 m = 191m
Given this tax pool anyone buying gxe at MC only of 191..
FCF about 80 m .
2-3 years they will get their investment given this scenario..
I just think a good possibility of M&A in the sector GXE probably on top of the list..