OTCPK:AETLF - Post by User
Comment by
ufoolmeon Jan 30, 2015 3:28pm
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Post# 23383057
RE:RE:RE:D Day approaching
RE:RE:RE:D Day approachingIXL Results are not scheduled until March 16. They will likely make an announcement
around Valentines Day (maybe as early as Feb 11) about the dividend. They should also
pre announce, given the situation in the oil patch, but who knows.
As for hedges, they no longer have any. And they do not have the cash they got for them
either. They used the $13 million they got for monetizing their hedges, the proceeds of
their flow through share proceeds of $8.3 million, and the Q4 cash flow in excess of their
capex to pay down their debt from $81.2 million to approx $52 million.
So what are they going to use to pay the next dividend? All the money they are making in Q1 2015 selling oil at under $50 a barrel? Their guidance says $26.8 million in capex for the year so that's about $6.7 million for Q1.
I've been to Fargo and Grand Forks many times, and I did not see any money trees. Too cold maybe.