(03-02-2013, 10:31 AM)SamAdams Wrote:
Palm dateline='<a href="tel:1362182267">1362182267</a>' Wrote: Also, once they monetize and book reserves, what will happen to their hearing ratio?Yes. Their problem will be they are under levered post deal. Meaning they will borrow money to help finance either part of the project or exploration. Not something they could or should do without the deal.
So, with that in mind, wouldn't it be safe to say that they are favoring one of the bids over the other. So, much so, they are getting things aligned. Now, if that is the case, what kind/type of deal would you expect if they needed say 500 million? My bet would be a deal with XOM, with the money being used for the pipeline (remember the tee), and the condensate plant! Any other ideas?
Also, if you lookup the definition they have up to two years to issue and usually is done when the need for cash arises or when conditions are favorable (like when the stock climbs after a sale down). Meaning I don't expect any issuance, if any, until after a sale down and the pps has risen significantly.