Replies to post #22 on Aegean Marine Petroleum Network Inc (fka ANWWQ)

[Alex Chory]

I knew it would bounce someday

day late dollar short now

live from Atlantic city, NJ

Alex

[eFinanceMarkets]

$ANW Aegean Marine Petroleum (NYSE:ANW) -5.5% after-hours, saying it expects to report a Q4 loss of ~$28.2M, or a loss of $0.69/share, including $14.5M of non-recurring charges; the company plans to release earnings on March 7.

ANW says expected Q4 headline results "do not tell the full story of the cost cutting and bold steps we have taken, such as ceasing our physical supply business in Singapore during the quarter," ANW says. "2018 is likely to be another tough year for our core business, but Aegean is amidst a transformation that we firmly believe will unlock significant value for all shareholders over time."

ANW also says it agrees to acquire port reception facilities services company H.E.C. Europe Ltd. for $367M, including debt; the company expects the deal to be immediately accretive to adjusted EPS.