Post by
gilllis on Oct 16, 2013 8:40am
High debt level
NGL is not the only company that indebted itself too much. Think of CLL, PRY, RPL, LTS, BTE, ARN to name only a few. They did it to grow in a specific context where Cdn oil was much in demand. But the context has since changed dramatically. The Harper gvt has imposed new and severe rules on foreign investors, Obama has used every trick to delay the Keystone pipeline, and the world has come to realise that the USA would be energy self sufficient within next 5-6 years.