bobert

"What make no sense is why Dick is rushing to do this now. If he does not get the right terms, it is going to look terrible for CLL. A very public embarrassment So will it be a deal at any cost?

Actually it makes perfect sense right now..Did you go over the last quarter financials? They're kinda burning thru cash and it'd be a hell of alot more embarrassing to be sitting on all that oil, producing 10k a day with another pod half built and running out of cash. What's the rush you ask? What makes you think it's a rush, do any of us know how long the negotiations have been going on? BESIDES oil appears to be staying above $60 for now,,CLL has dramatically cut costs and the U.S dollar is tanking which means not only will CLL debt carrying costs in U.S dollars go down, but oil will continue to go up. Summer is also a peak consumption time for gas and asphalt..I'd argue that now is as good a time as every to go for financing..DG looks far ahead and knows it's best to get things done when conditions are in your favor.