Post by
Jacks10 on Dec 29, 2021 11:31pm
Financing approved and extended to Dec 2023 !!!
We shall break through the 0.20's very soon and move to the 0.30's !!!
Comment by
knie on Dec 30, 2021 11:23am
Re : Fiinancing appoved and extended to Dec 2023. Wy do they mention libor or cdor rates? It does not exist any more. I.M.H.O.
Comment by
Justhalffull on Dec 30, 2021 11:51am
LIBOR will only be replaced on Jan 1 2022 for new loans, but overnight, 1, 3 6 and 12 month rates will continue until June 2023, so I guess they stuck with the devil they know.
Comment by
Jacks10 on Dec 30, 2021 12:16pm
bids are building, people are finally waking up! A lot of progress over the last few months, this deserves more than just the teens.
Comment by
knie on Jan 01, 2022 7:10pm
Why did they replaced it?
Comment by
filefish on Jan 02, 2022 11:19am
Extention carries them into 2023 when the bad hedges roll off. If O&G prices stay at current levels , PPR will have an opportunity to meaningfully finance new production and pay down debt . For 2022 hope we see: Nafta settlement Management and Director stock purchases 5-6 new wells drilled and completed.
Comment by
filefish on Dec 31, 2021 9:08am
Nice pro-active work on debt extention by Mimi, et al.. Wonder if additional hedges on the new production were a part of this deal. Wouldnt mind at all if they did some at $75 wti. Time to reverse previous write downs and update the website.