RE:RE:RE:RE:RE:RE:Wood River and Borger"I imainge it's a big game of chicken as both sides know it." Which begs the question, who is going to buy it if CVE doesn't?
What price would be paid for a partnership in a refinery and so why whould CVE pay a higher price than anyone else would?
I say call their bluff and wait. Get to the debt target unscathed just to prove to the market they can do it then start shopping. Oil prices do not seem to be going anywhere fast and debt will be cheaper later.. probably.
GLTA
Cabarete1 wrote: The do have the 'oppertunistic aquisition' excuse, and if the price is right, then it's valid. Short term pain, vs long term gain. I say go for it with debt, not stock, and increase the div. They will be able to pay it off within years, not decades, and with this out of the way, there's not really any other oppporutites out there. MArket will likely react, but medium term it's the right move All comes down to the price, it has to be reasonable. I imainge it's a big game of chicken as both sides know it.