RE: Reality Check30 May 2019 11:05
Debt isn’t that big compared with some and it’s not going to be an issue until 2022. The reserves aren’t currently producing what they should but, the company isn’t sitting on its hands, it’s addressing the issue. For me, at the moment, the value is in the infrastructure. When third party gas, oil and condensate start flowing into the facility, the investor will start to see a return. Couple that with an increase in organic production in late 19 early 20, the share price will be back to 16/17 levels. There is risk here but, the rewards are too big to ignore. I am long here and at the current price, imo, it’s a bargain.