RE:RE:MarkyFraser19 wrote:
Man meg has enough options to avoid bankruptcy. Debt isn't due for years, aprovals in place for about 210,000 bpd. Most asset sales I've seen have been for around. 34,000-38,000k per flowing barrel. So say they get in a hard place, they can sell 50k bpd for let's say 36,000/flowing barrel. That's about 1.8 billion off the balance sheet. That would put them at 160,000 of potential production. Dilutions is also another option. A billion dollars at the current share price is only another 166,xxx,xxx shares. When there is years until the debt is due there are endless options. Sure none of them are favorable but there are plenty of things they can do.
good post...
ideaman would include ...
sale of access at 1.5 to 1.8 billion....
jv partner to realize full output potential of 210 kb/d + 160 kb/d or up to 500,000 b/d output...
lots of options here, all we need is a slightly better oil price...
cheers....from ideaman