RE:RE:Dangling participleKeep in mind non-core asset sales.
Use Cash Flow to grow production.
Sell Lloyd, Attachie, Tower to apply to debt.
Plenty of time and plenty of options.
ATH (like PONY) were over a barrel.. Crew isn't.
gonatgasgo wrote: Until now, I was wondering if Crew needed to pay down their debt. If you have $1M in hands, what do you do?
1- Pay down debt by $1M and you save $65,000 of interest per year.
2- Drill, and with a recycle ratio of 6, you get your money back within 9 months and you get another $5M over the life of the well.
Seems like a simple decision.
When I look at ATH's refinancing, their debt is at 9.75% and they had to issue a ton of warrants.
Based on that, Crew's decision is not as simple. They will definitively need to pay down part of their debt.
I am reading the ATH board and many people are not too concerned. I would be so angry because of the warrants.
Dale has said many times, he does not want to dilute the shareholders, so he will make sure it does not happen to Crew.
Oldnagger wrote: While dreaming about Crew, the debt alarm went off.
ATH just got a sizeable haircut by the finacial chimps in spite of their now sizeable ability to manage debt payments.
So I woke up worrying about Crew , then I remembered , this is 2021 not 2023. So back to bed !!