You're welcome Chucke. I wish to stress I wasn't having a dig at you re the comparisons with Australian gas companies. I just wanted to make the point that it's an apple and pear comparison and not relevant.
While I still have confidence a good final outcome, the evidence on face value is less than bullish. Firstly, we don't know if there's an appetite for gas assets such as MAE in this environment, though I can say M&A activity in this industry is still reasonably strong. I'm not blind to the fact that MAE owes fortis $US50M in a few months and in the absence of refinancing or a further rollover, they become technically insolvent (again, stating the obvious). But I don't expect it will come to this as I've seen many greenfield operations in similar positions to MAE and they survive and indeed flourish. Without being blatant and infammatory, MAE management has done precious little in my view to help matters but we only move forward. There will be closure soon. Enjoy the rest of the weekend and may the 'pies roll buddy and the hawks.
You're welcome Chucke. I wish to stress I wasn't having a dig at...
Add to My Watchlist
What is My Watchlist?