Q: Hi Peter, Regarding the closing of acquisition of Pioneer Energy:
"Parkland announces that its 2015 guidance of $235 million to $265 million in EBITDA will be reduced due to this delayed closing. Parkland's 2015 guidance will be updated once the consents and approvals have been obtained, and the anticipated closing date for the Acquisition is determined. Parkland does not expect the annualized EBITDA of the Acquisition of approximately $55 million to be affected by this delayed closing."
What are your thoughts on this? How would this affect the stock price? I own it @ 21.50....if affected negatively, would it be a good idea to sell and repurchase at a lower price?
Thank you! and I wish you, your team and all the members a Healthy, Happy and Prosperous New Year!!
"Parkland announces that its 2015 guidance of $235 million to $265 million in EBITDA will be reduced due to this delayed closing. Parkland's 2015 guidance will be updated once the consents and approvals have been obtained, and the anticipated closing date for the Acquisition is determined. Parkland does not expect the annualized EBITDA of the Acquisition of approximately $55 million to be affected by this delayed closing."
What are your thoughts on this? How would this affect the stock price? I own it @ 21.50....if affected negatively, would it be a good idea to sell and repurchase at a lower price?
Thank you! and I wish you, your team and all the members a Healthy, Happy and Prosperous New Year!!