GREY:CEQXF - Post by User
Post by
EstevanOutsideron Jun 22, 2019 11:54pm
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Post# 29853347
Cequence is safe until 2023
Cequence is safe until 2023 Does it seem odd the stock collapsed to the 52-week low, given the company is issuing 11 million shares at $0.65 to a dude named Mr. G.A. Cumming? Reduced debt, cancelled the 10% interest rate if CF exceeds $40M, cancelled the warrants, reduced the interest payments, has production hedged in 2019 at good prices, selling half their gas at Dawn pricing, $7 million available in credit, ownership in the gas plant with Keyera....
The stock is left for the dead.
But one must wonder why two smart and wealthy guys (Archibald and Crone) would walk into a storm if they did not see an uplifting coming.
CQE must get through the painful 2019.
Into 2020 is more important for AECO recovering as hedges are lifted.
By 2020 the effect of U.S. shale gas cutting back could be in full force which could provide a significant lift to east coast Dawn pricing.
I suspect oil will be trading at $70+ plus by December, which makes perfect to renew new hedges on oil production or maybe drill another Dunvegan well.
Trudeau is gone in October and this stock and the rest of Canadian energy should synch in value.
Meanwhile, Alberta is working on a plan to bolster AECO.