From the Kris Energy website, 3Q2013 results and operations, I found that cash and cash equivalents rose to US$306.9m to 30 September 2013 while earnings had declined in line with expectations (but it still appears healthy). They appear to be a significant operation.
This bond buy back will cost US$126,615,000
They still have a large amount of cash, but still, why would they carry out a bond buy back when some were only issued last May. Are they tidying things up for a reason/purpose.
The anticipation / speculation is interesting, however I still can't get my head around the fact that Neon have gone to the JV partners regarding an announcement for information from Eni without a trading halt. They have the information and if it is price sensitive and unable to be released immediately, then a trading halt should have been on the cards.
Good luck to all.
From the Kris Energy website, 3Q2013 results and operations, I...
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