Thursday, October 30, 2014 12:00:28 AM
---> STWA happy, share price up, you and I happy, the band of four annihilated.
Then what ?
What is TC going to do with an AOT that brings 15% divided by 50 = a ridiculous 0.3% of flow increase (assuming they need 50 AOT to get 15% flow increase).
TC would have to negotiate another 50 AOT's AFTER they have accepted 4,3 M$ for the 1st one, and have a weakened position. Not very clever...
So TC did the logical thing, they let the first contract expire and they are now negotiating with TC for several tens of AOTs.
But they are not playing hardball. They are civilized and intelligent. Had they wanted to play hardball they would have folded the AOT and sent it back, squeak clean, on October 15th as stated in the contract.
They did not do that. Doesn't it tell you something ?
PS : they let the lease expire, and they even "accelerated" the expiration date. Think about it
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