Australia's energy is getting hit harder than U.S. energy...

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porkbarrel

257 Posts.

16/12/15

14:09

Post #: 16626951
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Originally posted by IFINO ↑

Let's get back to the real world.

Recent History of AZZ deals:-
29/11/10 Yellow Rose and Bluebonnet was sold. AND.19/04/13 The remainder of the shale area,Hawkville was sold.

Point to note was, very little tax was paid due to future activity in the O&G sector in the USA

It wasn't until the 31/3/11 that the Pemian aquisitions commenced ( Around 4 months lapsed)
Final major aquisition in the Permian was 26/4/11.

The areas were named, as we all know:- Southern Star, Northern Star, and Big Star.

Southern Star sold last year, with enough cash to square up the Macquarie facility( At one stage the draw down was $50 million). And the unwise investment in Breitburn.

Point to note also , little tax paid.

Latest purchase & sales agreements will attract a large tax bill ,(As indicated on a ASX release) in the order of tens of millions. WHY?

My point to those that are ringing James C

Ask what the company will be doing post the sale of Nortern Star and/or BigStar

Maybe AZZ is quitting USA.

Lots of opportunity in Australia if you wave cash around at the moment.

I am getting bored with the AZZ threads in progress on HC, basically pointless arguing. Hence this thread is to try and inspire a new line of discussion.

Cheers IFINO

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Australia's energy is getting hit harder than U.S. energy industry. If anything AZZ should invest in Turkey.

AZZ Price at posting: 50.0¢ Sentiment: None Disclosure: Not Held
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Australia's energy is getting hit harder than U.S. energy...

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