06-02-2016, 02:33 AM
The Certification is a piece of this, no doubt. That SPA was written/signed during a very "hot" time in the industry. I'd bet that many "SPA"s written back in the real estate boom also had many juicy payolas that never came to fruition also.
2 years ago about now things started quickly changing in O&G and we are still dealing with the fallout. If this mgmt/BOD had backbone they could possibly sue Total for things like Ant S and dragging things out. Unfortunately it's likely "good luck there", especially since Total has taken their stand in this deal. They've spoken clearly.
As I said, I really do hope someone steps up as a suitor, but based on communications from IR suitors came forth some time ago.
2 years ago about now things started quickly changing in O&G and we are still dealing with the fallout. If this mgmt/BOD had backbone they could possibly sue Total for things like Ant S and dragging things out. Unfortunately it's likely "good luck there", especially since Total has taken their stand in this deal. They've spoken clearly.
As I said, I really do hope someone steps up as a suitor, but based on communications from IR suitors came forth some time ago.