RE:RE:RE:Saturn's Viking Oil Purchase Metrics They will be doing more drilling this year than they have in the in the past few years, so production should stay level or slightly up depening on the waterflood response at Michichi. Any potential buyer of PPR would need to have a vision beyond a 1 year time frame. If they could restructure their debt instruments into a 5 year term loan, there would be more clarity for a buyer. Despite the current hedges, with O&G prices at these levels for the forseeable future it appears less likely that the Lenders will constain them as much in the future as they have in the past 2 years.
Buyreallow wrote: You also have the problem that PPR has been forced by their bankers into bad hedges due to their high debt. And some of them carry over till the end of next year, so limits their upside as they do not have the finances to do much drilling to fill in their depletion.