GREY:BNPUF - Post by User
Post by
Lemboyon Apr 18, 2020 8:01pm
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Post# 30926100
Loan guarantees up to $100M for operators under 100 mboe/
Loan guarantees up to $100M for operators under 100 mboe/Billions announced for the CDN Oil & Gas Sector. Although Trudeau on Friday announced specific numbers for ARO and emission support, what wasn’t clearly indicated was the billions in loan guarantees that the EDC will now provide (noted in the presentation below). Overall, the EDC provided clarity later in the day that it will provide liquidity and loan guarantees up to $100 mln for operators under 100 mboe/d with reserve based bank lines. Although there is some fine print, this should be extremely beneficial for operators undergoing bank line redetermination this month and a bridge to better commodity prices.