Cequence Energy Ltd Common CEQXF

RE:re- credit facility -correction

[roscoe74]

The senior debt renewal appears to be the cause of the overhang on CQE shares but, in a strengthening market, it is to CQE's advantage to hold off on renewal to negotiate better terms. If CQE has options, rather than being a price taker, they can reduce the vigorish charged for renewal.

Pony did not comment but their credit line was reduced. It may just be housekeeping because they have more than adequate liquidity but financial institutions in general are quite cautious with gassy Canadian clients.