RE: RE: RE: MQL The average 5 yr price accross North American banks is $4.50.....prove me wrong.
As for maximizing credit line - companies will not take more than they will need. You have no clue how this works. For example, many intermediates can request a review at any time, but they wait until the capital plan for the following year is completed - why is that???? Why would they not just continually request the maximum. And the firm should need "protection" with available lines - I realize Skywest used that strategy and was forced to give up the company. The company should be "protected" from current operations - not a large line of credit to borrow more and further invest in natural gas.
And I said Reliable is very close to free cash flow - likely achieving that in 2012 - if people need prove, it takes 5 seconds to find their financial statements. Prove me wrong. Further, I consider free cash flow when a company is still spending its forecasted CAPEX in its plan.
I saw MQL's metrics - funny how the Carrot Creek and WIlly Green metrics are similar to the ones Skywest showed but they had to reduce the oil content based on the wells they drilled....hahahahahaha. Take a look at some historic presentations - it is funny. Oh, and ROR and NPVs were dropped too. So, IGGY, wait until the wells are drilled - I wouldn't hold my breath if I was you.
You are a pumping, uninformed, borderline liar....all my comments can be supported by facts. Yours are regurgitation and overly positive assumptions. Don't get to focused on Reliable - many natural gas producers have large lines, but their operational performance has been very POOR. If natural gas prices remain weak MQL is cooked - and the share price continues to suffer. I predict MQL doesn't even sniff $1.60 in 2012....wanna place a wager???? IGGY - you are good at picking losers. I will start shorting your picks....lol.