Re: FP says Crescent's move on Legacy heralds other deals
I agree, LEG has outperformed CPG since the beginning of the year by a long shot, basically driven by asset or company sale speculation on top of the rebound of oil prices that affected both ships. Those that accumulated early did very well on the rebound and now get a much lower risk profile, a very much lower risk profile, with CPG who has expunged the debt and will pay a solid dividend while waiting for oils eventual rebound to marginal cost of production.
I never liked CPG but I am in a much happier place that continuing to hold LEG with all its debt.
Terr