GREY:BNPUF - Post by User
Post by
Farmer12on Apr 13, 2019 10:50am
133 Views
Post# 29622700
Debt paydown
Debt paydownThere is only no debt paydown when you translate U.S. debt back into Canadian dollars:
Sept 30 2018 .778
Dec 31 2018 .737
Mar 31 2019 .7437?
1st quarter results will actually have a small tailwind from slightly better C$ relative to U.S.$ and also very good numbers at AECO and Dawn, comprising around 40% of production I think. Plus they have some fairly decent hedges on some of the balance. They actually did pay down some debt.
But debt has to be converted to Canadian for reporting purposes. This company is is an ugly duckling that is bouncing along the bottom and might come back into favour down the road if energy prices ever spike...........