Piggy backing and how it works. The company will buy equity of another company with share holders funds when comodity priced are high then sell short into another entity controlled by insiders once the comodity priced are low due noted in the fall of asset values and the rise of outstanding shares that is a small fraction of the original worth of the assets in question.
There is no transfer of cash as this is a debt to the new entity, interest rates will rise forcing down administration and sales costs that is front load payment for capital borrowed at a discount taking on a higher charge for the time period the capital was borrowed.
So you see time was sold for capital from a period of low interest rates and little time offered to hold the capital.
Time is money and this can be future earnings to offset low comodity prices often referred to as hedging.