The truth is ? This is a bit more for the person who has risk tolerance. Didn't memtion share price trades at today 2.34 cents and Pro forma 2023 they use $80 oil not $90.
Means that potentially there is massive upside at this price , and we are hedged more than most and this actually works in our favour if we test lower oil prices!
Oil should be solid around $75 to $85. I say that because I see it rocketing up , more so ,.....I see things that keep it from falling too far. Russion oil is coming off line. Really it's about there ability too , now move there product.
SPR RELEASE :
It's also a double edged sword the SPR release. As on the news today.
You know ? Inflation is tough , but John and Justin in there roles of John doing the front end - deals , and Justin is the guy who takes what we have and makes the most out of it ? Funny ? This is the difference maker ! The real story here is these two guys are killing it. They are doing what it takes to be successful!
Just because they aren't named Grant Fagerhiem, or whoever ?
So funny ? The old guys who you trust for good reason, they were 40 years old once. So they proved Themselves if these guys doing three major aquistions, and getting the same people I would look at this the other way ? They have respect from the lender . The deal is to improve Metics for borrowing . It's the reason we did this deal .
I will do the MIKE DROP !! So .....PRO FORMA $1.84 a share 2023 free funds flow. My friends we are trading at $ 2.34 cents. The synopsis was done at $80 dollar oil. He is about to go get new bank financing.
Question for the investor ! Are you a flipper or did you buy a Business. I am here , staying here , and I wish I could work for with these guys and be apart of there day to day. I say that becsause what is going on is what I did 27 years ago. John and Justin are building there company. There 40 or under and I was them at one time.
I am apart of this. I am 2.17 % percent pre dilution . diluted . I am here becusee we are building a company. 10 percent of 1 million is 100 k 5 percent of 300 k is 150
I am good !! So I will own less . 168 M shares outstanding fully dilluted and 125 if they don't exercise warrants I am good either way
This is still foundational. We are doing these things because , these things .......they are what is needed to get proper financing.
you have to be a certain size to do bonds and other things. So if your concerned about the debt. Well , for those who like to use fully diluted when doing comparisons , then take $140 M off for those warrents. Take that off.
However the biggest thing is ? Your biggest criticism is the number 1 reason he did this deal. To get rid of the holders of the debt currently.
Go play with Whitecap. It's a exellent stock and you will do well. I did !! I sold and came here. I want to be apart of something special from the beginning , and I clawed and scratched for everything I have. So when I met these guys in person ? . It takes someone who has someting to see something in someone.... right !
I saw ! I know if we ever failed it won't be because
we didn't try. I know HUNGER WHEN I SEE IT.
GOOD LUCK LONGS. !! You will do well if oil holds on here in the long run. Very very well !!