GREY:BNKPF - Post by User
Comment by
auburn2on Apr 05, 2017 4:55pm
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Post# 26082249
RE:RE:BrokerG
RE:RE:BrokerG
I disagree the MEI debt is staggering. A third is not due until late in 2021. Their PDP is much higher than BKX and so is their production. A new reserves report due mid April should put to rest any worries about the bank debt. If you have not gone over the presentation, geodan (something a broken slot machine in terms of picking winners that multiply 3X and more) calls it stellar:
https://www.manitokenergy.com/investors/corporate-presentation-2017-03/
It says here 1P reserves are 2.4X higher than the total outstanding debt, and that's including the $20 million due late 2021.
If they sold the company tomorrow shareholders would do very well.