OTCPK:PDPYF - Post by User
Comment by
Runaway1492on Dec 27, 2019 1:21am
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Post# 30492806
RE:RE:RE:tc-energy-partial-monetization-of-the-coastal-gaslink-projec
RE:RE:RE:tc-energy-partial-monetization-of-the-coastal-gaslink-projecI agree that Pony's reserves would make a great long term addition to one of the Partners holdings. My concern with Pony is their negative cash flow in a prolonged low price environment and near term debt maturities (21/22). I often compare to Crew, which sells a more diversified group of products, has better market access and better economics in a low price env, but might not be as likely to be taken over by an LNG Partner. What are your thoughts?