TSX:WFE - Post Discussion
Post by
stuckinonoway on Jan 03, 2012 8:18pm
viking will get interesting
a.lot of plays are over-hyped these days but i can see a big wave of consolidation amongst the viking.problem is-debt these days is toxic and some of the old hands in the patch are unhappy with the things one has to do for capital.guess wfe is just impatient.no matter-can't sell a rolls royce in a toyota neighborhood
a fixer is required-never mind foriegn money.sell 2/3 of what they own and buy something that fits.everybody owns pieces of stuff they don't need and its about time a good deal(aka legacy)came down the pipe for shareholders.
cpg gets grief for issuing shares for aquisition.at least they do it right-buy....pay for it with dilution until they can post some big money...reward your SHAREHOLDERS....they allways pay..
for those who forgot-Bulldog and Glamis were 2 class act companys who did the merger thing right.i miss those kinds of people.wfe has a chance to make some things happen here if they want and not just give up-especiallly at the hands of pp or debt holders.
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