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16.5¢ sundance energy australia limited

Hi @zereal Noting the comments below from SNDE regarding the...

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tt2000

4,675 Posts.

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01/12/20

20:35

Post #: 49278029
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Originally posted by zereal ↑

given that the tide seems to be slowly turning on the oil price do you think that SNDE may be able to delay things a while further?

provided that they are able to obtain waivers to the covenant breaches for a little while longer, they do still have capacity under the revolving facility and just under 30M of derivative financial instruments (can they access these?)

I personally think it is going to be tough but I wonder if this presents a good opportunity for someone with cash?

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Hi @zereal

Noting the comments below from SNDE regarding the debt restructuring prior to 30 Nov, I will not be touching this whilst there is the risk of ch11.

If there is a debt restructure, what would be the cost of associated equity dilution...

I think there are better leveraged plays to oil that will hopefully survive.

Good luck

SEA Price at posting: 16.5¢ Sentiment: Sell Disclosure: Not Held
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