RE:RE:RE:ITEWhite Tuhdra was doing his thing when when there was a lot of value coming on in the company after the acqn of the Cenovus acreage and the move to monthly dividends. He was little flippant with some of his numbers and I cannot understand why he could not get, for instance, the hedge liability and loan details as they are right there in the SEDAR filings and could be accessed on the London Market. I have stated that something like 45% is hedged against AECO (to protect the div, and they don't confirm if in loan covenants) and all is currently under water but that still leaves ~55% at spot. Their hedging losses PTM were $5MM. As to borrowings they now stand at Pds28MM as they add on acrued interest and fees with the major repayment due I seem to remember 2022/23, so not insignificant.
I personally think that even achieving 20000 to 22000 boepd as they have stated this has reached a fair price. and the div is Pds0.00105 per mth ~ 2.6cents per annum for a yield of 3.7% with 54c sp:. not to bad for this hopefully growing O&G company with North Sea interest (which ITE still has to fund part of).
As White Tundra stated just MY opinion