RE:Cj my 2 cents I think Covid Curse and low Q2 oil prices show how CJ being a higher priced operator can't handle low oil prices well. The -10M cashflow in Q2 from operations must have been a somber conversation with the bankers.
If YGR had a negative cashflow in Q2 they may not be around....mircale they still could even cashflow 7.7M in Q2 at 31 dollar oil and 1.89 Aeco.
CJ shouldnt have an issues with CF if the current prices can hold...light is over 68 dollars in CAD and heavy is closing in on 60 bucks. CJ has torque if things can hold.
Thier assets in Q2 demonstrated that CJ should carry less long term debt to comparable companies.