Tuesday, January 03, 2017 9:26:55 AM
There's an assumption of debt involving ALDW but I don't have particulars. Obviously I'm concerned. However, the deal includes a premium (to be paid) in the amount of about 7.3% as I recall.
My primary concern is that ALDW NOT be swallowed up unceremoniously as happened when Western Refining ate NTI's lunch. Given that there's a premium, I'm OK for the moment. Should energy as a sector fail to hold its own, I'll have no option but to reduce my position.
Let's all keep our ears and brains to the grindstone.
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