RE:Athabaska ATH
my ignore button finally worked. must be an issue with the cache.
John - not really too worried about the share bonuses. I don't think that is as relevant on a resource company like ours compared to say a tech company that has no real earning. 101 million in cashflow is 1.1 our net debt. I can't see maintaining this drilling pace but if we do debt would trend down next quarter anyway. Debentures are interesting because it eliminates the annual convenant review drama. Although it comes with a higher price.
I would like to see them slow down the growth rate a little going forwared, but very happy with current production levels. Fill the facilities Loukas. Who else is growing like this that is not one of the following
1. a gas company
2. tiny
3. growing by acquisition
4. not named Yangarra....
The stock sold off a bit but it was up 80 cents yesterday and only gave back half of it today. I think once the bean counters update the great unwashed we shall resume our upward trend.
We shall see if actual debt reduction is so important to the market when BNE reports. They moved some driliing forward but have been more focussed on debt reduction than anything.
BTE has such awful hedges that they deserve to be in the penalty box. Great drillers, crappy finanical managers. They have to be nearly half way thru their hedging idiocy by now - might be a buy there?