Post by
templetooth2 on Aug 31, 2023 12:11pm
Seems obvious to me...
...that when this deal closes, the next step will be to re-absorb LCFS into the new Tidewater.
LCFS was taken public a few years ago at $15 per share, and for the life of me, I can't see the minority shareholders accepting anything less than that. I won't.
I have to admit, I'm a little surprised at the muted market reaction to this deal. Maybe a few more gas assets have to be dealt out, I don't know. With AIMCO backstopping this company, you would think that as the asset deck is re-shuffled, some dollars ought to stick to our hands as we pick up the new cards.
Comment by
Cdnmate23 on Aug 31, 2023 11:01pm
5-yr chart says it all. 50% upside is nothing to shake a drill rig at, but won't be a home run. Special dividend from all that cash would have been more reassuring than the overused unlocking SH value schtick. No complaints on the move, but it's been a disappointing multi-year hold and today doesn't change that sentiment.
Comment by
stopedout on Sep 01, 2023 10:36am
There is no room for a special dividend. The balance sheet badly needed this fix, even though it feels a bit like they are selling the furniture to pay the mortgage. That said, I feel more comfortable holding this stock now.