OTCPK:PDPYF - Post by User
Comment by
Runaway1492on Dec 30, 2019 10:01pm
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Post# 30503751
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:tc-energy-partial-monetization-of-the-coastal-gaslink-projec
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:tc-energy-partial-monetization-of-the-coastal-gaslink-projecPONY is in a distressed position. With current NG pricing they are heavily cash flow negative while having debt coming due in 2021 and 2022. They needed to sell part of their lands in order to shore up their finances and they will likely need to continue to sell assets unless they start getting better pricing at their hubs.