AvenEx Energy Corp AVNDF

Avf

[junkhells]

Spyglass dept is a big issue among people on this board. Sure not a worry for PGf Pbn Pmt. There starting to rocket.

[Kherson]

 Totally agree with you junkhells about the debt issue that Spyglass will have. After reading over the financials of Charger Energy, looks to me like they are or will soon be broke. That is my opinion only... With the financial position that we are in, time is on our side. Don't anyone forget the fact that we are the one's with the money. The only merger that I see is a possible

[bigbank91]

I agree that if pce votes this down it could be one of the worst decisions ever. pgf have seen a big gain from the price of natural gas. pricing in spy right now could very well be $3.00 before divi announcement, and soild growth from there as production increases and hedging is boosted. pce will be forced into an immediate asset sale just to cover there capital program to sustain production which

[bigbank91]

I dont see a debt issue for spyglass with the cash flow forecast and 175capx it can be managed. cash flow forecast 130million was based on $86 oil and $3.30ng . our hedging can be boosted in 6 months to shed our debt and keep our capx program rolling and cover our 46million dollar dividend. chx has the prime oil lands thats why they were chosen as seen on slide 13. I agree that they need capital

[mo1975]

Entirely true, and to avoid the sale of any of pce assets.. they want avf to provide the money... to ensure they had avf,s money they made avf sale of their asset mandatory.... now that we know the exact position of pce, which was hidden until this month and released so that pce shareholder change their vote out of fear.. I think that avf would be foolish to go on a 1 for 1 basis... I had avf

[Kingscourt]

I didn't look into Petrobakken or Perpetual, but google finance latest numbers show Pengrowth's yearly net income at $12.7m. Compared to the Spyglass family's -$205.74m (PCE-$153m, CHX-$53m,AVF-$2.74m). Pengrowth shows assets of $7.5b while the others combine for $1.08b (PCE $581m,CHX $93m, AVF $411m). I removed $80m from AVF because of Elbow river and put it against their debt.  

[bigbank91]

big companies can save a lot of admin costs by streamling there operations. 3 teams beacome 1 and are more focused on thier goals and processes. big companies can be managed alot easier and cheaper. we wont be as big as pengrowth but that leaves more room for growth. pengrowth is stable but still can make good gains on nat gas hedges now. crescent point has also said it has growth its asset base

[mo1975]

Bigbank,  I do not buy it..... 20% vs 10%  is like double..... I guess if you are the manager of the big guys you can afford to eat  t-bone aaa western beef everyday... avf,pce,and chx management should eat balone for a while while growing into big companies......instead of throwing money to hotels for meeting they keep postponing....