So the Texas oilfield acquisition has gone through which is basically what PB said at the 50yr event in Sydney during the week. Interesting enough the original debt facility was to be through RBS and now its through BNP Paribas. I am sure the company will just say that it was due to a global market downturn in the markets but i could not imagine that if RBS puled out the debt faclity will be offered on such good terms. I am still unsure about this development but it's happened now so we will have to suck and see
LNC Price at posting:
$2.07 Sentiment: Buy Disclosure: Held