RE:RE:RE:RE:RE:RE:Irving Oil Refinery- ACQUIRING a HUGE ASSET like the Irvine Oil Refinery is a ONCE in a GENERATION OPPORTUNITY
- US DOWNSTREAM LACK of RELIABILITY PROBLEMS are SHORT-TERM in NATURE and are being SOLVED with NEWLY-HIRED SKILLED MANAGERS and ROBUST CAPEX to REPAIR/REPLACE TROUBLESOME UNITS
- CVE GENERATES HUGE FREE CASH FLOWS that 'could' EASILY FINANCE the Irvine OIl ACQUISITION EVEN IF they PAY ALL of of it IN CASH
- you are SERIOUSLY NEGLECTING the MASSIVE CASH FLOWS that a LARGE refinery CAN GENERATE if it is VERY RELIABLE and the PRODUCT MARGINS MATCH the HISTORICAL RECORD
- the SKEPTICAL INVESTORS will be PROVEN WRONG as OPERATING a REFINERY is AN ELEVATED SKILL SET that can be OBTAINED with SELECTING the RIGHT PEOPLE {get the TOP TALENT with the SUPERIOR COMPENSATION & INCENTIVES} and INSTALLING STATE of the ART EQUIPMENT
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