Post by
soundandfury on Jul 04, 2022 12:53pm
Re: The aquisition
Well for every action there is an equal opposite reaction..........does the fact that exxon paid $3.1 billion in 2012 for those assets not concern you at all? Thats almost a 50% capital write off ....with oil over 100.00 one would think those assets would be worth more........and comments about this?
Comment by
ppp on Jul 04, 2022 1:09pm
It's simple most investors are punch drunk. GF managed to buy those assets with all debt. That says something about WCP. Banks are very careful who they lend money to.
Comment by
JohnnyDoe on Jul 04, 2022 1:10pm
how many lng export plants were in discussion in 2012? How many today? I'm not a big fan of the gas industry.
Comment by
iMAnewBE on Jul 04, 2022 1:20pm
Who cares. Exxon is sometimes too big for thier own good. Instead of saying " why did Exxon sell at such a loss". You should be saying " wow WCP picked up a good deal" one can't accuse the buyer of paying too much and then turn around and implying the seller of dumping too low.
Comment by
Citizen13 on Jul 04, 2022 2:35pm
The big bys have so much mney to play with they dont give a damn. They walked right out of Russia at a massive loss. I remember selling machines in Edmonton for the OG industry. Sclumberger bought millions of dollars of CNC machines and then decided to just shut the whole place down as it was pocket change to them. When times are good, they are incredibly good.