40 to 50 m cash flow, still ok given current oil price. They must refinance their debt, which not sure how easy this will be in the current market for an oil co. Although they should be able to get something done which will help a lot in the mid term. Cap raising is surely not on the table at current market price....
They really are now at the mercy of Northern, banks and of course the almighty oil price.
TAP Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
