Thanks for the quick response. Felt like a great buying opp even though I'm in too large as it is. My next question was going to be what catalysts remain but it sounds like you think potential buyback is the main one...
Thanks for the quick response. Felt like a great buying opp even though I'm in too large as it is. My next question was going to be what catalysts remain but it sounds like you think potential buyback is the main one...
I think (aand hope) management is eager to buyback shares, and getting this done should set them up to do it (they'd indicated to me they were blacked out)
other catalysts would be cleaning up DKL, doing something with W2W, or crack spreads recovering..... but it obviously feels nice to get this much cash on to an underlevered BS
Thanks for the quick response. Felt like a great buying opp even though I'm in too large as it is. My next question was going to be what catalysts remain but it sounds like you think potential buyback is the main one...
I think (aand hope) management is eager to buyback shares, and getting this done should set them up to do it (they'd indicated to me they were blacked out)
other catalysts would be cleaning up DKL, doing something with W2W, or crack spreads recovering..... but it obviously feels nice to get this much cash on to an underlevered BS