RE:Transformational deals equals lousy performanceThe Eric Nuttal playbook is that companies need to grow through M&A to become relevant. If they're too small, he's not interested. This was his recent comment about SGY. SOIL was slightly larger than SGY, now they're a lot bigger.
The new 9.7% is probably 1/3 less than they were paying to the famility lenders they've been using so far. Refinancing has put them in a stronger position overall.
This was a good move for SOIL.
Over the past year, SOIL has outperformed all of Nuttal's fave's including BTE, TVE and CVE. Hopefully soon it gets above the $5 mark.