RE:RE:RE:RE:RE:RE:RE:RE:I missed the boatAs long as gas is through the roof, I'd say $5 qualifies, there is no need to assume the only way to pay off debt is via cash flow. As pea trades higher and higher, and as debt is reduced lower and lower, even I can see multiple pathways without losing an ounce of flesh. And the LNG project? I couldn't care less. It's a distraction at this point. Sell it, spin it out, give it away, walk away. Don't care.
commonsense9 wrote: When TEC and PEA made that deal, the only way it was going to work for either to plan, was if the LNG plant went ahead. Then part of the intial billions in that would go to paying off TEC. (The shares they had was a much smaller number than now, but the profits big on those.) They are not in this for the 15% interst (just a fallback) or for long term holding.
They are WAY better off now than where it looked like things were going a year ago. But they are not long term holders. They are still looking for the best they can make of that deal. But they are for sure a lot happier knowing that now PEA can afford that 15% due them until October next year, plus they get to negotiate their pound of flesh for PEA not being able to pay off the loan, no matter how much money they make.
commonsense9 wrote: I agree that increasingly LNG does not matter.