That's the point though. Nobody can predict the the future oil price.
It could go up or it could go down. Therefore it is a risk.
The biggest risk is that even if oil prices were to move higher, most have very little confidence in AZZs ability to close a deal. The fact that they may not have conducted sufficient due diligence on the buyer in terms of their ability to fund the consideration is a major concern.
On this basis there is a high likelihood of another butchered sale and purchase agreement in 12 months which would leave everyone worse for wear except those that receive an annual salary funded by shareholders and potentially at the cost of noteholders...
AZZ Price at posting:
50.0¢ Sentiment: None Disclosure: Held
