RE:RE:RE:FIDThe commodity prices are not declining.
Good thing, because PEA cannot quite run at breakeven as it is. The formal accounting losses are not necessarily representative. So you need to look to their moving cash position. All quarterly statements ar non-audited. But Pieridae goes a step further than that.
No Cash Flow Statements from Pieridae. Instead they use the hokey
Net Operating Income because little details like inteerst costs and payments get ignored. Kind of significant when you pay an interest rat of 22.73%, have paid zero on principal, and have not set anything aside... becaue they have nothing to set aside on $256 million due October 2023
ofirme wrote: I apologize, but do you believe the current production is not worth $250M?
Here is a clue: NOI will be > $100M on hedges being done in 2020 for 50% of production
plus spot with the assumption of $2.70 CAD and > $50 oil.
With Propane usage going up in the west, C5+ needed as a dilutant and C4 being tied to
oil, the ngl part should do well when oil does well.
As western U.S gas production is set to be severly hurt by lefty policies and western Canada
lng affirmed, do you think those resources are declining in value?