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Equal Energy Ltd EQU



NYSE:EQU - Post by User

Comment by dbeaudeon Sep 24, 2012 8:01pm
168 Views
Post# 20408905

RE: What's Next?

RE: What's Next?

I am sure glad they threw in that last comment regarding the Canadian assets (translated....they will be sold). The market makers better read in to their decision making because if they do not, the market may perceive this sale as some window dressing, market apeasement and remaining in status quo mode.

The trust model seems to be coming together where the debt of only $110 million now verses $180 some months ago will be reduced by the sale of the cardium and viking assets by another $80-$90 million to nearly wipe out their debt so the free cash flow can be increased enough to pay a handsome dividend in addition to having a pristine balance sheet.

However, knowing how cavalier this market is, they should have waited and announced all at once.

JMO but seems to makes sense to me.

Nawar (our equal change champion) where are you??

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