RE:RE:Why Not Sell the BC Gas assets?churchofnutsacc wrote: Are they not building export terminals in B.C. as we speak? That seems shortsighted to me.
Haywood has an updated price deck floating around. They have Bonterra FCF $169 million this year and $166 million next year, which means we are completely debt free some time in Q3 2023.
We are 40 million shares fully dilluted, I repeat 40 million shares fully diluted.
I don't think Bonterra has to do a damn thing other what they are currently doing.
Depends how you look at it. It's no surprise to the world that LNG facilities are in works. The property isn't a core property to BNE (I don't even know if there is production there?) they won't drill it. They're wayyyy behind almost every single producer in terms of returning capital to shareholders. It would get creditors off of their back and they wouldn't be forced in to poor hedges. Gas prices are high.....
Lots of reasons to do it in my opinion.