GREY:CHTYF - Post by User
Comment by
jayd54on May 02, 2017 4:48pm
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Post# 26194700
RE:.08
RE:.08The bank doesn't care about the stock price. But if I was the bank, I would be far more concerned about the fact that they had negative cash flow in Q4 (again!) and have budgeted to spend $7 million in the first half of 2017 despite saying the company "believes it is prudent to limit capital spending to free corporate cash flow". What prudence? What cash flow? Change is overdue. Thompson has been leading the erosion in value for what, five years? Change is overdue. The first boast in the release is that they have 320 multi-zone horizontal development drilling locations. What good is it to have locations when you have no cash flow to pay for them? Change is overdue. The release indicates that the 3 wells drilled in Q1 averaged 180 BOEPD (Oil split is what? That's important. . .). That doesn't even replace the decline. Change is overdue.