RE:RE:RE:RE:Fall/WinterWhen Russia decides to turn off the taps and SPR draw ends and/or China invades Taiwan, oil at 120 is an underestimate...
Well if they arnt drilling any new holes or putting up any new facilities then it should be a pretty good net.
Have your read their recent year end financials? I have and they are solid. Goodchance they are cashflow postive this year and turn a small profit. Not bad for a compnay in basically their second year of operations.
If they get an offtake agreement then they could have the HE facilty helped paid for in the agreement.
Sure we will see. I dont see any need for it at this given moment. If they hit another oil well or two or three then they will surely need no debt at all. If they do take on debt I would trust that it will be used to expediate the HE facilty and more wells.
Doubt all you want