GREY:BXEFF - Post by User
Comment by
Grey4554on Mar 15, 2019 12:11pm
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Post# 29491432
RE:WAITING FOR A BUYOUT
RE:WAITING FOR A BUYOUTGassy assets with a lot of propane and butane exposure which is a pretty shity part of the barrel stack to be in right now. Western Canadian storage levels of C3 and C4 are massively higher than a year ago, over 80% higher.
Much better assets out there, like super liquids rich (condensate) Montney assets in the right area codes like PIPE trading at a much lower valuation, even CR and these are companies without a terminal debt event upcoming.
Assets are average. The debt here is cataclysmic.