RE:RE:RE:Upsized Credit FacilityLooks just like the bank increased the spending limit on the credit card, not a certainty they will incur more long term debt unless it is for growth, such as aforementioned production increase through the drill or through acquistions.
To me this indicates
- The banks think it is a good risk to lend more.
- The company sees a need to have more credit to deliver (overdeliver?) on the plan
- Upcoming results are as good or better than expected
navajojoe wrote: kurt73 wrote: I was under the impression they were going to be debt free in 2 years but they increase credit facilities. What am I missing? Increase drilling to blow out production numbers? Leaving room for acquisitions?
They are probably going balls-to-the-walls with drilling to ramp up production asap, and while drilling costs are still reasonable. I'm ok with that.