GREY:BXEFF - Post by User
Comment by
jaisrion Jan 26, 2018 10:32am
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Post# 27440242
RE:RE:Where's the bow tie guy now?
RE:RE:Where's the bow tie guy now?I agree. Most of the debt the company has was incured to build the Alder Flats plant which will
expand capacity by more than 100% to 230MCF.It will become operational in March/April They can also grow by 20% and still have pipleline access.
The plant is a big operational advantage.They are partners with Keyera. Balance sheet is improving a lot. Debt to cf has dropped from 7 to 4x and improving.
Most of debt not due until 2020
Insiders own 10%. Instutional ownership is 60%
Dont know what sellers are thinking accept that maybe people sell it because it not performing Today
glta