GREY:SGLRF - Post by User
Post by
qwqwon Jun 04, 2013 9:54pm
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Post# 21485281
Q2 cash flow
Q2 cash flow Is anyone expecting Q2 cash flow to be above $20 mil? Q1 was around $12 mil.
If it is $20 mil,after $9 mil/qtr Divs leaves only $11 mil for capex.What's going to happen
to cash flow if Spy starts selling off production to pay down debt not to mention a 3500
boepd drop over the next year from natural declines?????? There's only so much one
can accomplish with $11 mil/qtr capex.I'm afraid the banks will force them to cut the Div.