RE:RE:Near pandemic lows. Ogopogo26 wrote: Nothing puzzling, look at their free cash flow and earnings and you know why the share price keeps declining. No comparison at all to other midstream companies, utilities or oil producers in Canada.
... not to mention that Q2 midstream results will be even weaker due to BRC turnaround, and the various refinancings underway will mean higher interest expense going forward. My takeaway from the call was that the refinancings will be announced soon. Will be interesting to see how they deal with the $75m in debentures. They obviously won't roll over anywhere close to current rate (5.5%).
Seems that Rob's share dump at $0.98 was a pretty good sign of things to come, after all.
RBC's downgrade today from $1 to $0.80 may explain the big step downward.