GREY:TVETF - Post by User
Post by
CarlosSon Apr 06, 2018 2:25pm
134 Views
Post# 27844488
Debt Ridden & Expensive, Dilution Coming + No Sale
Debt Ridden & Expensive, Dilution Coming + No SaleTrading at 7.2xEV/CF. A huge premium for crummy company.
$5MM in net debt from no debt at all thanks to DUD Duvernay well
Will spend $15MM this year??! Yikes. Where is extra $12MM going to come from?
They only have $4MM left on debt line and will only CF $3.6MM maybe less. This name is GASSY.
$7-8MM, more DEBT or more EQUITY ISSUES.
Have fun Stockfy!