Been invested here since before atomic so wouldnt even attempt to deramp. As far as how decisions are made i have worked for a company which went from a local company to a multi national. Some may have filled up at their forecourts today. My thrust was any large company would need to assess the matter from all angles before signing off
If it is Exxon Art is in discussions with and the Exxon team have sent the matter higher up the management chain then i believe it is more to do with Copls credibility rather than "do we have the readies in place to go ahead with the JV" As Exxon reported mega quarterly profits of $20 billions in october.
what encourages me about the JV negotiations and the delay is that the potential partner is serious about getting a deal done, otherwise they would walked away by now. Remember we were informed of a potential JV in October.
Looks like ghe harder he tries the bigger his failure. Miscible flooding has just been a waste of money. Get a major in and sort the bl**dy mess out , Art!!
dont you think if AM was to hold out for better terms the lenders and JV partner weill deliberately force him into a coner and end up in a 'take it or leave it' situation enabling the bondholders to milk it at the expense of LTHs?