Alex at OTCQX Best 50 Virtual Investor ConferenceYou can watch Alex present at June 15th OTCQX Best 50 Virtual Investor Conference. You will need to register, but it's free.
Some interesting points:
- Prioritizing debt reduction with current price volatility, without sacrificing production. While production growth may be on hold, they are fine debt wise supporting last years acquisition. Low decline, good cash flow, good leverage, good relationship with Aimco. Still projecting debt/CF of 1x by end of the year.
- Power generation is on track for 35MW Q1 2024. They bought the land the Mazeppa facility sits on and plan to operate it in place.
- 15 years of reserves through decline enhancement and expected development. A bit speculative, but good to hear.
- Current environment - # of assets for sale and prices- encourages growth through acquisition. General statement that things align with JOY's growth model.
https://bit.ly/3CDqMXz