GREY:CEQXF - Post by User
Comment by
EstevanOutsideron Apr 22, 2019 5:03pm
47 Views
Post# 29656403
RE:quite the dog here
RE:quite the dog hereYou obviously don't follow the company and are only looking at Q4 2018 results. Much has changed and cash flows will be *significantly* higher in 2019 as they brought on more (post equity raise) oily production and the oily wells in the Dunvegan were not producing all year and also started a Dawn gas contract at the end of April 2018.
Q1 will be saved my gas sales, Q2 will be saved by high oil prices.
Don't forget their hedges either, they have solid hedges in place.
And also, don't overlook the fact Cequence had their interest rate dropped to 5%, which is more on par with a Crescent Point then a Baytex!
Overall, you're lost kid.