GREY:BNPUF - Post by User
Post by
Farmer12on Jul 04, 2019 11:08am
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Post# 29886559
Sustainability
SustainabilityWould lenders have a better chance of recovering all their money if BNP declared bankruptcy? BNP is covering their interest payments, as far as I know. Are there any assets they can sell to reduce maturing debt? No question it looks grim. BNP does have 2/3 of Q3 gas production more or less protected with 48% hedged and 18% to Dawn. Q4 has at least 45% hedged and 17% to Dawn. I'm not sure about H1 of 2020. The shares would definitely not be trading at 0.42 if everything was peachy. Lenders have them by the short and curlies.