2024
We all know Crew expect $250M of AFF in 2023, and this is with more than 40% of nat gas production hedged at prices over $5.
I believe they do not have anything hedged yet for 2024. At current strip, can they have AFF greater than $175M in 2024?
I still believe Dale is working on paying down the line of credit to zero in order to get a long term debt. Will be it $200M? Will interest rate exceed 10%? If they do, what are they going to do with the money? Dale, rightly so, prefers to have long term debt than having the deal with the bankers of the line of credit who may change their mind at any time.
The self imposed conditions for the Groundbirch plants were
1- getting the drilling permits. Probably not an issue
2- getting the financing. Probably not an issue but at what rate?
3- heging. They can hedge, but the rates are so low that it does not make any sense.
Will they issue long term debt later this year and what are they going to do with the money?
Please, tell me where you disagree with me.