tag:blogger.com,1999:blog-1527840491496268397.post461601985610141923..comments2009-11-22T00:58:48.529-07:00CPnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1527840491496268397.post-72997373026706193282009-11-22T00:58:48.529-07:002009-11-22T00:58:48.529-07:00I ran across your post after I wrote my own piece analyzing the Callon Petroleum bonds and tender offer. I agree entirely with your view that rejecting the tender offer is likely to be safer and more lucrative than accepting it, because the firm's future really is in a tenuous situation and, as you state, the tender offer does nothing in terms of reducing their debt maintenance costs.Geoffrey Roccahttp://www.fructivore.comnoreply@blogger.com