KW
agree
what stuck out for me was:
If you read the presso's from the other producer that have comparison tables FML is ranked way at the bottom on almost all parameters
That tells a story
The good bit:
The buzz word at this years meeting appears to be "multi resource" and "diversified" besides the cost cutting priority.
At least 2 boxes FML can tick
There will be a lot more consolidation on the books - some were very smart and positioned themselves early and can act now (at depressed SP's)
Time will tell how smart the FML move on CRE was.
Reading up on IGR/SLR merger: 18-24 months seems to be the time frame for synergies to really pay off.
CRE costs coming down from 1600 to 1200 certainly a big step in the right direction.
Ann: Diggers and Dealers Presentation , page-28
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