The market cap is a knock against them and then there is the leverage. But if you want the exposure, he would own BIR-T.
The market cap is a knock against them and then there is the leverage. But if you want the exposure, he would own BIR-T.
VII-T vs CR-T? He would stay away from CR-T due to its debt level. VII-T has a good management team, but its slow down in growth highlighted their 50% decline rates in existing assets. This causes too much of their cash flow to still be required for maintenance. He would prefer NVA-T, which trades at a lower multiple of cash flow, has a better balance sheet, and lower decline rates on production.
VII-T vs CR-T? He would stay away from CR-T due to its debt level. VII-T has a good management team, but its slow down in growth highlighted their 50% decline rates in existing assets. This causes too much of their cash flow to still be required for maintenance. He would prefer NVA-T, which trades at a lower multiple of cash flow, has a better balance sheet, and lower decline rates on production.
Some investors are concerned about the debt. The balance sheet is okay to him. They are using excess cash flow to pay down debt and can ramp up production as we see LNG projects coming on line. He has a $1.80 target. (Analysts’ price target is $1.36)
Some investors are concerned about the debt. The balance sheet is okay to him. They are using excess cash flow to pay down debt and can ramp up production as we see LNG projects coming on line. He has a $1.80 target. (Analysts’ price target is $1.36)
It comes down to the regulatory environment. It has a great balance sheet, but carries some debt. This is a call option on Canadian natural gas. It is highly speculative at this point.
It comes down to the regulatory environment. It has a great balance sheet, but carries some debt. This is a call option on Canadian natural gas. It is highly speculative at this point.
