Q2 Results PreviewThey will be reporting these sometime in August- though they could do it in July if they wanted.
Paybles rose steadily through 2020. Then for Q1 they lept from $98 to $112million.Earlier, in the March conference call Sorensen had admitted "we are working with our suppliers" on that.
This is why they could no longer afford the luxury of spending money on an LNG project that has no definite future. Time to save the furniture.
My GUESS would be that LNG development costs were slowing even before they pulled the plug at the end of Q2.
It will be interesting, and telling, to see where Accounts Payble figure is at for June 30.
Maybe someone on the board knows how many months these days in Alberta a strained producer can afford getting behind before suppliers start applying the screws.
If they announce they will be reporting results in July, I guess that will be an indication that they have some good news to report.... like the end of bleeding is in sight?