RE:RE:RE:RE:RE:The Best Defense is a Good Offense It is all just for the sake of discussion...its not like anyone here sits on the board.
If someone doesn't grab it bankruptcy looks inevitable so can GXE buy they assets they want on the cheap in receivership if they want any or would someone with deeper pockets be able to out bid them at that point?
- Debt settlement: Razor settled all outstanding indebtedness owed to Alberta Investment Management Corporation (“AIMCo”) of $64.0 million by way of the sale and transfer by Razor to AIMCo of that number of FutEra Common Shares representing 70% of the issued and outstanding FutEra Common Shares and 100% of the issued and outstanding FutEra Preferred Shares. No Razor Common Shares were issued as part of the debt settlement.
It looks like AIMCO only holds FutEra shares...can they spin it out and if not is having them back the ESG play a big deal?
GLTA
Roscoe747 wrote: Just for the sake of discussion, I wonder what a deal with Razor would look like if only the o+g was offered to GXE with AIMCO supporting the arrangement and buying in?
Or, a deal with RRL that provides 3700bbl/d and two conventional opportuunities at under $15k/fbbl. These are forced sales for debt only and may not be accretive but this is likely the type of business arrangement available to GXE, ie: no Tier 1 lands avalilable to them and no white knights on the horizon.
How about Privcos wishing to go public without all the greenfield cost structure of doing so? Is the M+A space in a positive atmosphere for dealmaking given the cost of capital and lack of investor enthusiasm. Is Gxe better off continuing on as they are with a cautious business plan and an opportunistic use of windfall cash flow?