GREY:TBTEF - Post by User
Comment by
PetroExploreron Sep 22, 2016 10:52pm
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Post# 25268891
RE:RE:RE:RE:RE:RE:RE:Assets : 357 mil and liabilites 513.2
RE:RE:RE:RE:RE:RE:RE:Assets : 357 mil and liabilites 513.2The oil prices have definitely improved, but perhaps the long drawn-out negotiating process with Reignwood, was factoring in some higher oil prices, in June. The bank may have finally said "enough", so they had to lock in a deal, rather than keep stalling for time, in the hope that oil prices would go up.
Another factor that has improved, is the AECO gas price. That can make the difference between their Pincher Creek production being economic, or an abandonment liability. They may be able to restart that operation, which goes into the Shell Waterton Gas Plant, who is also owed money.
Still too close to say for sure, if the debentures have some possible value. It depends on higher price forecasts, and production not totally falling off.
The question now is do the debenture holders try and take a few cents on the dollar, or manage the recovery of the company, and take the whole dollar, or even more?