RE:RE:RE:Strathcona POOR use of credit has been the major problem for these managers for YEARS.
it's why the stock is $2.
MyHoneyPot wrote: POU should take all the money they can get, because it will pay back in spades with amazing returns.
Just imagine with Wapiti and Karr plants full, you are looking at 110,000 boe with less than12 dollar op costs.
28 dollars boe -12 op cost = 14 dollars a boe.
110,000 * 14 *365 = 4 dollars a share in free cash flow.
That at 28 dollars a boe, fourth quater 2019 we were looking at almost 31 dollars a boe.
IMHO