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Kicking Horse Energy Inc. V.CEX



TSXV:CEX - Post by User

Post by Valueseek1982on Aug 06, 2015 10:42am
111 Views
Post# 23994049

Something doesnt add up here...

Something doesnt add up here...Long time reader first time poster. With their increased capital program, 20 wells in with production of ~4000 boepd (declines seem way higher than typical), lower netbacks spurred on by the commodity market and a debt line that is not nearly large enough ($70mm in my recollection with probably $55 - $60 mm drawn) how do they expect to survive - this one looks like a ship that might not make it - just my humble opinion - just look at POU this morning along VII - probably has farther (a lot?) To fall
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