OTCPK:PDPYF - Post by User
Comment by
briliantpebbleson Mar 16, 2017 3:04am
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Post# 25986350
RE:RE:RE:These guys..
RE:RE:RE:These guys.. they owe $365m to altagas plus they have bank debt. Don't forget they need to finance 2 expansions of the altagas facility in the next 18 months per their latest presentation. "things about to get interesting right about now" --- Dylan
spacegimp wrote: yeah so why did PPY pay so much... 34k/flowing vs. 19k/flowing(PPY) ? they already had 60 years of drilling on what they claim is much better metrics than the owners they just bought from ... also does anyone know how much they plan on paying toward the townsend lease per year going forward as I see they chose to reduce the capital portion going forward , I geuss its not lease to own anymore but more like an extra $350 million long term debt( at what interest , looks big ?) So they really have $680 million long term debt going forward($330 mill. projected 2018 used on cred. fac. plus $350 mill. lease owed) with about $400 million annual revenue starting in 2018 after ramping up , a high decline but apparently good cashflow as long as you exclude interest costs on facility and leases .