Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Fair enough fraddie but I don't think most of the creditors will be interested in taking the assets, they are much more likely to want to get their debt paid down.
If they raise that kind of money and use it to pay down a chunk of debt then the market cap with raise by at least the same amount. Leaving us in a better position than before. I don't see what the big deal is. They just have to get it done is all
No, AK. Do share it you can.
Cheers. SMW ;)
"Also I'm talking in like now or tommorow, mostly its a day thing m8, not for a week or a month, plus the deposit is to big lol"
Fair enough funky, you could be right. It's a difficult game to get daily movements right. API and EIA coming up. Mind that
"Once the hurricans pass, surely its a massive short ? That's what I'm thinking"
Don't think so funky, it's all helping to rebalance storage. Big crunch coming late 2020 early 2021
Don't they need to go to the Shareholders first? Once they have gotten the go ahead then they can start issuing shares and they will issue them at the best price they can get for them. I don't see why people think they would be at a significant discount to the market price
Of course paying down debt has an affect on Market cap. It is immediate and imo is value added. It will improve the market cap by the exact amount of debt that was paid down and perhaps a little more due to reduction in interest costs
Ask yourself this, as an invester in a company would you rather the company pay c8.5% on debt or dilute shares and pay no interest?
At the end of the day the company is valued at earnings minus costs/debt. This will boost the overall value of the company all by it with a dilution of shares but in the long run interest payments will be down therefore cost will be down and this will represent value added for current investors.
Earnings from the asset will far outstrip the cost. That's all anyone needs to worry about.
Not for the income statement. Oil earns significantly more. In the future this may change however so it is good that they are diversified s bit
Don't think will have a material affect on Zama. They seem to want to honor any of the deals that were set up under that opening up period
Durant said around crisis time that the company was cash flow neutral at current prices, that was when Brent was at circa $36. H1 results weren't great but looks like they may have swapped some of their hedges into H2. Looks to me like they are looking to push profits into the second half of the year.
I believe they will turn a profit and pay down a very small but of debt.
If you think oil prices are heading up and you want to ride that wave, this is a very good share. Production will be significantly up by year's end and if oil prices return to normal levels next year this will rocket as it's done in the past. Difference this time is we are better placed to take advantage of a decent oil price
Yes, not quite there in the states yet but it will come. I've read somewhere that second hand car sales have soared in the US recently, again, probably because they don't want to use public transport and people have been moving out of city centers.
How has uncertainty been removed?
I would have thought this is just a normal mechanism for paying bond holders/
Sorry, see monthly Data below.
https://www.eia.gov/petroleum/production/
https://www.eia.gov/dnav/pet/pet_sum_sndw_dcus_nus_w.htm
Monthly Data, strange it's conflicting with the weekly data below at 11,100,000
https://www.eia.gov/dnav/pet/pet_sum_sndw_dcus_nus_w.htm
Still think we are a while away from breaking out of this range we are in.
OPEC are holding back for now but they are going to phase in more production.
Declines elsewhere may result in an imbalance or impression of an imbalance later in the year, but for now we have a lot of stored oil to get though.
We need some record draws, that might get things going
-10.6 million barrels
Through put up
Imports down
Tullow??
How much debt have they got SK?