GREY:PEYTF - Post by User
Comment by
alxorenon May 11, 2015 3:22pm
285 Views
Post# 23716254
RE:Q1
RE:Q1Yep, we have a loss of -6.5M at oil prices avg of 45-50$/bl
I just do not understand one thing ... If Liabilities went up by 2.8M$ (US) and Equity was affected by 6.5M$ loss .. How the h*ll Unitholders Equity went up from 117M to 126M ? From where did we get 8.5M loonies in equity? Boyond my report reading capabilities ...
In any case with avg oil of 60$ this qtr , the removal of distributuion , and reduction of capex to 0.5M ... I expect a loss of -1.5M next qtr ... a significant improval.
The survival depends on how fast the bank debt can be reduced. The real improvement depends on NG prices in preparation for next winter.