GREY:PRBEQ - Post by User
Comment by
westcoast1000on Dec 19, 2016 2:40pm
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Post# 25620635
RE:RE:The deadline is around the corner
RE:RE:The deadline is around the cornerThe reason we had to accept a waiver to the terms of our previous financing was because they sold their hedges. I am confident hedges were required under the previous terms. That proved to be a wise and profitable move, but it cost us on interest rates substantially.
If they can re-hedge some of their production at $52 US for a bbl of WTI, then we can do not need the waiver. If they can pay a big whack on their loans with the do-com work, we will be looking better in a few months.