Post by
Samdm on Mar 12, 2015 3:09pm
Expect the news on Sunday
Definitive aggreement will be announced and financing
Comment by
righand2 on Mar 12, 2015 3:11pm
Pure bs. Midwestern won't have the financing lined up by then.
Comment by
mjh9413 on Mar 12, 2015 3:56pm
I'd rather the financing fail, MMT get the new loan arrangements (hey, hope this is not a Nigerian conspiracy with the bank...I checked and Board does not seem to be related to Midwesteern!!!), they tell us all this liquidity crunch is mainly due to relayed payments fom Shell, and we start explloring OML 18 and build on current field's success. Let's get this ridiculous bid behind us.
Comment by
Samdm on Mar 12, 2015 4:00pm
I am quite confident the deal goes through
Comment by
gibbonsj on Mar 12, 2015 4:14pm
the deal may well go through but will it conclude? What happens if oil price continues to fall? Why pay .80 when you don;t have to? It's just business. Personally I expect to see sub $40 for a year or more but even that aside there wil be a lot of fine print and July is a very long time to wait with crossed fingers.