06-20-2012, 05:22 PM
Folks,
I have no expectations on who the winning bidder(s) could be and really couldn't care less when the announcement is made.
Why does it appear that there is a lot of over-thinking going on here?
Collin repeatedly stated that these deals are very complex, with a lot of parties involved. Look how long it has taken to get the process this far along from the time the IBs were engaged -- 9 months so far. My suspicion is that there's still negotiating going on over many variables. After that, there's a lot of documentation needed along with government consultation, which takes a NEW government, which will likely exclude William Duma (which takes care of the "credit" problem).
An announcement before mid-August would be a pleasant surprise, but not change anything with respect to my IOC investment approach or the ultimate valuation obtained.
I'll stick with the "later, later, rather than sooner" timing I gave some weeks ago, and I wouldn't be surprised if we don't hear anything until September or later.
Let's just enjoy the ride.
VS
I have no expectations on who the winning bidder(s) could be and really couldn't care less when the announcement is made.
Why does it appear that there is a lot of over-thinking going on here?
Collin repeatedly stated that these deals are very complex, with a lot of parties involved. Look how long it has taken to get the process this far along from the time the IBs were engaged -- 9 months so far. My suspicion is that there's still negotiating going on over many variables. After that, there's a lot of documentation needed along with government consultation, which takes a NEW government, which will likely exclude William Duma (which takes care of the "credit" problem).
An announcement before mid-August would be a pleasant surprise, but not change anything with respect to my IOC investment approach or the ultimate valuation obtained.
I'll stick with the "later, later, rather than sooner" timing I gave some weeks ago, and I wouldn't be surprised if we don't hear anything until September or later.
Let's just enjoy the ride.
VS