Cequence Energy Ltd Common CEQXF

RE:Perpetual just announced a 62% increase in their bank line

[counterintuitive247]

2P is worth 65 million. Debt is 68 million. They have 1 year to get a plan together. Likely a business recombination with some financing to take on the debt. The LRE that this company has in BC is costing a lot . I don't see much upside after a few stress tests I did personally on the companies last qtr. I wont be buying anymore shares of CQE . there are just way better opportunities out their with less debt and better reserves