RE:SPConsidering the current environment, TWM previous estimation of 2020 EBIDTA would not be accurate any more. However, I think TWM is still making money but concern is whether TWM will make enough money to meet financial covenants. I think TWM management is calculating and analysising the financial impact. Hopefully we can get some answers at the conference and annual report.
At current pricing, PGR is still making money. Cost for Crude oil and transportation is around $50 cdn per barrel. Rack price in Prince Geroge is around 55cents per litre or $88 CDN per barrel. Crack spreads is around $40 per barrel. PGR has 5 year 90% volumn offtake agreement. PGR probably still generates $50-$60Million EBIDTA.