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Charles Taylor Group PLC CHTYF

Industrials Business Services
Charles Taylor PLC provides professional services to the global insurance market. It operates through Management Services, Adjusting Services, Insurance Support Services and Owned Life Insurers businesses. The company follows fee-based model. It is in the business of underwriting and broking support services, loss adjusting and claims management services, insurance operations and support services, insurance company management services and specialty services. The company has offices in UK, Americ


GREY:CHTYF - Post by User

Charles Taylor Group PLC > MQL: New presentation, the Michichi advantage, the leverage
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Comment by InvestLargeCon Aug 12, 2016 2:02pm
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Post# 25136681

RE:MQL: New presentation, the Michichi advantage, the leverage

RE:MQL: New presentation, the Michichi advantage, the leverage
George98 wrote: MQL's new presentation is out.MQL has completed the consolidation of its assets after disposing of the latest non-core ones.Good job.

The Michichi area and the wells there have high IRR too, see new presentation slide 11. I know this because Traverse Energy (TVL) drills in the Michichi area too and it has excellent drilling results from its horizontal wells.  TVL is debt free though.

I think MQL's key problem is the leverage. MQL has $49 million net debt while the annualized cash flow is below $10 million. If MQL overcomes its debt issue it will do OK.


Aside Marquee (MQL) and Traverse (TVL), are there any other producers in Michichi?

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