RE:Going to be a bad Q3Share count has continued down (about 2.8% in qtr) and we do get a generous div at current sp but you're right, net debt has increased and share price depreciation has not been compensated for over time. They repaid $2.9MM oper loan and have to pay $23MM bridge loan before year end I believe and with $92MM cash and free cash flow, and E&P major expense they should not need more debt or equity raise..They pay about $10MM/qtr finance costs and that shud reduce
Altho CNE not paying for Medellin pipeline construction they have and do pay for certain ancillary costs however that 12/2024 target start date (and it is just a target) is far too distant to impact sp consideration as current performance tied only to existing deliveries no matter how much gas they find.
Does anyone know the total gas available right now relative to the ~190mmcf per month deliveries?
At least gas price increased this if only to offset increased charges but there has to be value in this company that might be realised before 2024...????