GREY:BXEFF - Post by User
Comment by
EstevanOutsideron Mar 29, 2019 7:40pm
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Post# 29557021
RE:RE:RE:Richie guy, who is the moron now? You called me that, right
RE:RE:RE:Richie guy, who is the moron now? You called me that, right I forgot to clarify, Cequence debt was bought by a consotorium led by insiders, Archibald & Crone. At the end of 2018, CQE debt was refinanced four 4-years with interest rate slashed. The sweetehart deal to Canadian Pension people was to issue the warrants at $2.00; the warrants were also purchased by the insiders and unnamed debt buyers.
There is no comparison of CQE to Bellatrix.
The company has gone oily at the right time and capitalized on higher Dawn prices, hedges and has lower cost for natural gas as they co-own a gas processing facility with Keyera which is probably worth as much as their current market cap.
By the end of 4-years, natural gas prices should have gone up significantly and LNG Canada project will be coming online by then. Small players like CQE and other guys in the area will be gobbled up by larger players well before then at significant premiums (like IBR in 2018)