@jenstilmanydots
is that really a good news? I thought the market prefer immediate shareholder return, not spending on M&A or defer the return?? Long $WCP.
@ericsherbrooke
Checking out VETs acquisition of Leucrotta announced pre-market hours March 28
Market doesn’t always view acquisitions positively initially:
@jenstilmanydots
The Acquisition will be funded through existing credit facilities and a new committed 4-year term loan. On closing, Whitecap is expected to have net debt 2 of $2.1 billion on total credit capacity of $3.1 billion.
@jenstilmanydots
Congratulations, this guy just spent my money I didn't want him to spend and borrowed some I didn't have. Excellent. I'd like to know the equivalent special dividend that could have been distributed with the cash instead of this deal. Then see what people think.