MarkZ
[via PDK]
In Iraq news: “KBR wins $46 million dollar contract to support sustainable development in Iraq" This is actually more exciting then you think. This is an American engineering firm that was just awarded this 5 year options to support infrastructure and energy ambitions.
This is a long term contract and they are moving forward with these mega projects. What do they need to do these mega projects that they want to start immediately? They need a heck of a lot more money than the current rate will support...It has moved beyond the planning phase and is in the execution stage. For it to be executed it needs dollars…and we certainly think we know where those dollars are coming from.
Question: will the rate be fixed or a float?
MarkZ: I don’t look for a wild float but a very controlled or fixed float. IF there is a float...I can’t see more than a 2-5% change as allowed in a float. I am not looking for wild swings. ...Of course we won’t know until we get there. It’s possible $3.22 or higher. To me it doesn’t make sense to start at .76 cents or $1.32 to take 15-20 years to wait for it to grow. IMO they need to start closer to their end goal…imo. ...It looks like to me $1.32 is our worst case scenario...
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