Post by
soundandfury on Apr 06, 2023 3:40pm
I wonder what the urgency was with this aquisition?
Seems to me they could have waited a year or two and accumulated enough cash to do the aquisition then..............why borrow $1.7 billion when you already have $1 billion + free cash flow per year.........they did a marvelous job reduceing debt ......just do not see the reasoning for jumping back into debt at this particular time in cpg production cycle
Comment by
DrBill1 on Apr 11, 2023 8:55pm
Because the opportunity was there and Seller wanted to sell, a decision by CPG management found a fit. Take it or leave it; it would not last a year or more.
Comment by
Diligent2 on Apr 11, 2023 10:16pm
In a year this will look really good. Even now I like it and Their last buy worked out very well. Oil looks really good for next few years!!
Comment by
dandu1924 on Apr 12, 2023 6:50am
Yes, the oil looks really good for the next few years, this is the reason to make the good money with the oil sector, so do your dd , time to buy still here for now, in few months the good timming will be less than actualy.