GREY:AVNDF - Post by User
Comment by
bigbank91on Mar 16, 2013 11:45am
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Post# 21139492
RE: RE: Avf
RE: RE: Avf I dont see a debt issue for spyglass with the cash flow forecast and 175capx it can be managed.
cash flow forecast 130million was based on $86 oil and $3.30ng . our hedging can be boosted in 6 months to shed our debt and keep our capx program rolling and cover our 46million dollar dividend.
chx has the prime oil lands thats why they were chosen as seen on slide 13. I agree that they need capital as well but are a good pickup right now for their assets and are priced in for there debt levels.
a merger with just pce we would have to look at the strategy. . nova wanted 60 40. lol .