RE:RE:solid numbers, dividend cut no surpriseBrutal numbers! Debt up to $739million, at this rate they are going to be at a $1billion by the end of the year. Huge loss, barely any cash flow, more hedging disasters. They have 2 years and they are dead. Seriously, who is going to finance them in 2 years? The Alberta government?
Tonkin made his name in the 90's and early 2000's when you could sell a bunch of production to a Trust and move on. That game ended when little Stevie Harper burned that house down. Now you have to be able to run a company and these guys can't don't have a clue.
Nice legacy Tonkin, take a great asset, put $2-$3billiion into the ground and what have you got to show for it? Nothing but a $billion in debt, a gas plant and a bunch of worthless acres. Thanks for nothing. Please just go away now. The world has changed and left you behind.
Later
cb