RE:Debt RepaymentThe argument is as follows:
Leverage.
162M USD is 222M CAD DEBT being carried at 10%
22M CAD per year or 11M every six months
On 1,200,000,000 in sales it is 1.833% only which in most businesses if not all is quite negligible.
I think we have an issue: *******
Cash on hand may climb to 375M CAD and the buyback mark of 140M CAD will be met as well in the next 78 days.
This means either a sizable debt payment coming or a larger budget for Leismer and Murphy JV and I suspect a month after TMX flows and a 12 Dollar differential comes two announcements will come.
April 2024:
1. Self funding on Leismer to 40K BPD over 2 years.
2. CORNER JV WITH TECK, OR USA EQUIVALENT LARGER FIRM
HEAVY OIL COMPETITION COMETH.
ATH CEO SAID IN 2021 HE EXPECTS WCS EDMONTON TO BECOME A GLOBAL BENCHMARK.
Shares are undervalued.
Full stop.
HOPE YOU ARE WELL.
ML