RE:RE:RE:Big Dividends product of Big IdeasI think what he means is, with annual revenue of ~1.5 billion, carrying a billion in debt at a prefered rate due to the companies bond level rating doesn't effect the balance sheet due to the debt to revenue ratio Tourmaline enjoys.
Then consider the cash on hand and return on debt vs the debt rate. It's essentially the same as having no debt due to the money being generated from the debt as well as the annual revenue and revenue projections. If they paid of the debt it wouldn't be as advantageous as using low interest debt to generate higher returns on implementing infrastucture and cap ex. In short, the company is further ahead having this level of debt due to the additional revenue being generated and annual revenue being higher that total debts versus the interest repayment rate and the pricipal amount is responsible given the revenue and cash on hand and cash flow. 1B is nothing for a company with the profile of Tourmaline. (Canada's Largest NAt Gas producer).