Post by
schocor on Jul 18, 2016 5:44pm
Looking good <40 Days till we start to get Cash
My best guess for first payment from this deal is ~Aug 20th. We should be getting 60-70% of the total payment in this tranche per the news release. Hopefully no surprises from a liability perspective and away we go. It is a good thing that we are 60 days into the 90 day period and no unplanned liabilities have been recognized or announced to date. From there, the next big payment will stem from settling up the working capital adjustment. I dont have a lot of insight into this, but oil prices were generally up in the 30-60 days since the transaction closed the quarterly production report was favorable as well. This SHOULD mean more money coming through the door than MIGHT have been estimated by the accountants. I am assuming that there will not be any negative adjustments. There will be a final payment once the affairs have been settled up but as the NR says this will be nominal. I think we are going to see $.63-.$65 cents by January 31st of 2017. That is a HUGE risk adjusted upside from here.
Comment by
Bookends on Jul 20, 2016 2:29am
Hey there... my math comes out to about 64 cents in cash if all goes well and we don't get any bad surprises... I still would be very happy with 62 cents after the different costs and severance pays... Anyways, I agree that this is a great opportunity from here... Are you aware of similair situations with other stocks on the north american markets?