RE: Shake23 Aug 2019 11:28
Sauer - it isn't, if they sell Zama for $400m + that changes everything. The EBIT multiple on debt will be closer to that of a normal company, PMO could be viewed to be able to ride out an oil crisis so people may feel less averse to buying it.
I am out still but will get in soon. Just wish oil had been $70+ for trying to sell Zama.