RE:RE:Delusion & Ignorance......Ahhhh.........The game's NOWS afoot with the appearance of a third "muskateer" & the re-emergence of our dear long lost friend Sir NoMasFortuna. Welcome back Carter i guess......or should i say NoMas! Well, since you've made your presence known & decided to chime in by casting another stone in my direction, so be it ......But first......Let me just clarify a "few" discrepancies in your reply & arguments.
"Interest rates are not at double digits"
No they are not......JUST YET......and they are fast approaching to it........ BUT.......and this is a BIG BUT ignorant folks like you seem to dismiss or completely forget.........There's a HUGE difference in what the current discount or Fed Funds rate is at AND what companies like TRP or "normal" folks like you & me & everyone else in that boat are able to get in terms of ACTUAL interest rates when the need comes to borrow or the need to refinance loans/mortgages like TRP has to when servicing their debt burden. If you really beleive you're gonna get something or anything close to a Fed Fund type rates......you're living in LaLa Land and more delusional than i thought.
"as for the Columbian assets, they were on the table for the last 3 years (since the covid era)."
The more you speak, the more you strengthen my arguments & POV. So just keep on talkin brother!. As for the reasons for the delay in divesting those assets or any other, like i said in my post......"waiting till the last minute and forced to under duress & not beito avoidng proactive". Those assets should have been the only ones considerd for divestitures, along with some controlled restraint on capex to avoiv being in the position they find themselves NOW. Pro-active is way better then being reactive & not in total control of your decisions.
"Without cash and a large debt, they could not build tem out. "
Yes Yes Nomas.......you're stating the obvious. Tell us something we don't know or that isn't evident. Like i said, you just keep making arguments that continue to 100% confirm my premise.
"Insofar as the debt load is concerned, Pipelines ALWAYS carry debt on their books."
Again.....stating the obvious. Yes Yes we know that infrastructure entities like Pipeline geared operators carry more than the standard company. BUT ......and this is another BIG BUT again, there's a marked difference in having MORE than the norm AND having way way too much for your waistline to handle before it bursts at the seems. I mean just look at Enbridge for starters, 2X the cap of TRP but more or less the same debt load. Go figure.....or maybe get a calculater.
"The issue here is the fcf and if it is sufficient to carry the divy."
FCF is an issue now because that huge debt load along with quickly rising rates are SQUEEEEZING margins out.......and the intergrity of the divvy is the LEAST of your or Trp's problems......LMAO
"That's why the sp has declined."
Nope....very very sorry Mr. NoMasfortuna.......but even poor Duran know when to quit. The SP didn't decline for any of that hogwash you just posted and it has for all the reasons i've stated. But an admorable attempt to misdirect folks.....
"Thx for the insults and the pseudo-lesson but nobody really asked you and in the future either post facts or just keep it to yourself."
No problemo & your welcome......... Thank-you for shopping at MrMoMo.com and please come again! And please remember Momo shoppers, no refunds or returns are accepted at anytime! All sales are deemed FINAL!
And just for nostalgia & to reminisce of old time and days gone by........here's another "golden nugget" post from the yours truly The MoMoMyster and the infamous NomasFortuna's consequent crude replies ...........and the last time we locked horns & battled to the death....I wonder how that one turned out....lol
https://stockhouse.com/companies/bullboard/t.bte/baytex-energy-corp?postid=34981712
There can olnly be ONE NoMas.......and it won't be you LOL.........again.......unfortunately!
GLTA
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