GREY:LSTMF - Post by User
Post by
bushhog1on Jul 01, 2016 12:13pm
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Post# 25015482
LTS Q2 EBITDA
LTS Q2 EBITDAIn Q1 LTS Ebitda was only $22M and the Banks cut their LOC to $250M.
( based on Oil at $33 per bbl and exchange cad rate & $0.73us)
LTS estimated that EBITDA will be $34M for Q2
( based on oil being $45 per bbl and e/rate at 77us cents )
With 50% increase in EBITDA the Banks should increase the LOC to $375M Limit.
With oil and Cad dollar keep increasing the Banks might raise higher.
It was a poor action by the Banks to base LTS LOC on one Quarter only.
only my opinion