RE:RE:RE:RE:Merger candidates and presentationSure...you comment on this as well:
CREDIT FACILITIES UPDATE Gear has received approval for the extension of its syndicated credit facilities maturity date to May 27, 2022 with a borrowing base of $70 million. Similar to the previous renewal, the borrowing base will be reduced by successive $5 million increments on both December 31, 2020 and March 31, 2021.
Why are the banks still lowing Gear's debt faculty?
Don't the banks like Gear's well curves? Cardinal hasnt drilled a well since Feb of 2020...
IE before Covid......
If debt repayment is the plan for 2020...why would Cardinals presentation have info on drilling and rates when this isn't part of the plan...
Cardinal was planning on drilling 17 wells in 2020 and they drilled what 5 wells in 2020 as Covid hit.
Cardinals orginal 2020 budget had wells to be drilled in all 4 operating areas...drilling locations in all of them.
Paying off debt is the priority here not drilling in first half of 2021. Are you not smart enough to understand that...
oilypants wrote: NOT OILMAN brokavern23 still not answer valid question?he has much to say about everything but not this? Maybe i ask energy broker friend but u might not like answers about TIER 2 assets NO DRILL cj.
swingtrading wrote:
I did read several presentations and may have missed something. I am looking for something similar to GXE's presentation on page 12-16. Granular details about IP90s through to IP365 plus DCET costs.Multi-laterals vs single 1/1.5/2 mile, EURs and capital efficiencies. GXE price sensitivity was a nice touch in their presentation(page 12) with Lloydminster having 175% IRR at $60 oil. I want to be able to compare the two companies asset base any help you can provide is appreciated. Maybe an older presentation has this information?