overall bullish - flipside... beware of the ides of march
hope to see:
- The reducion of long term debt of 325M - a napkin prediction exiting 2022 LT debt below 200m and require refinancing in 2023 with 80m cash (i seem to recall a while ago they prefered to keep 100M available?)
- Positive near future oil and gas tenders turn to orders having withstanded the pressures of the financial lenders choke off future O&G capital.
- The $ reduction of the one liners - interest expense (other), depreciation and amortization, lease payments, restructuring and financial costs (2020's dirty word), impairment and one-time transaction costs, my favourite.
Reeves is now just an employee, not a co-founder (rubicon) - a verrry well off employee. Very good... as long as he and his CFO are on the up and up and in for the long haul. listened to him talk about rubicon in 2020 before it was sold to anouther $$$$$ hedge fund buying up the small fish to create a working venture in the O&G field circa 2015. He seemed to be a good communicator, we will see him in action shortly.
Hope SCL isn't being prepared, slowly setting the table for corporate raders and their minions. eg. PVG