GREY:CEQXF - Post by User
Post by
exprohibition18on Nov 14, 2017 1:48pm
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Post# 26961235
Perpetual just announced a 62% increase in their bank line
Perpetual just announced a 62% increase in their bank linethe big upswing in crude should lift PDP lend value and value of Dunvegan .
60 MM is a mere fraction of 2016 2 p value but strange things always happen on refinancings.
Appears CPPIB threw Laricina under the bus on the production covenant. If they do this kind of thing too often not sure why anoyone would ever use them for debt financing-particularly the cyclical industires/ better off with strategic jv type partner versus an adverserial financings
We'll learn soon what mgmt is made of ......