It's Down Hill from here!
I predict CHC will head down hill from here. It seemed to me that Craig Dobbins was the driving force and soul of the company. I am sure the new investment company is all giddy that oil is at $100 a barrel, let's see how giddy they are when oil hits $40 or $25 a barrel.
Many of these pencil pusher investment types have no idea of crew duty and flight time limitations or required training. They think just because they sign the front of a paycheck they own a pilot's soul 24X7.
I wonder if Sylvan has a non-compete agreement.
I also believe this sale paves the way for another operator to come to the North Sea.
One more thought, how will the American company comply with the UK 49% foreign ownership rule?