RE:My bet is market will be stunned by JOY cash flow
75c CF per share is a good ballpark forecast for 2021 and could go higher. JOY has no hedges and could monetize countess which is throwing off plenty of cash flow with higher gas and electricity prices. It was a big win for JOY to terminate this sale as @2x cash flow the deal had moved in the buyer’s favor. Monetizing Duvernay could also be huge and taking JOY private could be a very good idea.
Clearly orphaned small cap juniors just became a whole lot more interesting to the market and investors alike!