RE: Cost of bonds30 Jun 2023 12:45
Certain collusion between some of the non cornerstone bondholders and trolls on this BB. Personally think this is quite obvious. COPL cannot wholly dictate/influence to whom they sell bonds, and there are folk who'll always take advantage at a fledgling company stage. AM knew this back when he emphasised that the cornerstone bondholders would be exactly that. You could and justifiably make the case of 'naivety', but hey the lights are very much on, there's big money being spent on infrastructure, production will incrementally increase, and a JV deal will happen.
It's all that oil what does it, concentrate on the mcap (O&G companies out there with x15 COPL mcap with no production - wildcatting out at sea!), it's tiny. OIP is significant, and USA reserves at their lowest levels since 1984. Depressing current SP, but that's investing for you. Follow the golden thread - mcap, assets, life-span, demand. GLALTH.
Oh and remember, the trolls only waste their precious talents when there's significant potential.