RE:TET has a lot of DEBTperdikaoilgas wrote: TET is a very risky Montney play. Perhaps, POU will save them and will buy them one day at an all stock deal. Otherwise, TET is lost.
Concur. With so much debt and so high leverage, TET is one of the riskiest Montney producers.
And keep in mind that Leucrotta (LXE) and Blackbird (BBI) are also very risky at the current price levels because both irrationally overvalued on all the key metrics (production, reserves, cash flow) among the Montney group. Both LXE and BBI have priced a ton of speculation into their current valuations.