and long term debt is slowly disappearing in front of our very eyes.
it appears they will get more swaps in the next couple of weeks and this will go a long way to strengthen their balance sheet.
this debt retirement will reduce cash costs by a large number maybe over 15 million per yeatr and along with lowering operating costs it will greatly improve netbacks even in a low price environment.
now with oil going up and heavy oil production going up slowly with more water injecitons, this will help stabalize revenues even as NG prices are stuck at 2.00/mcf in USA.
I for one are looking forward to reading about LEAD pilot in q1 report.
be warmed I may be buying and I may be selling PMT if I see a good trade opportunity.
but DYODD