Yea, well aware of the old Austin story, recaps, dilution, losses and the like. The track record of the old management team does not inspire confidence, nor do the apparent recent and current shenanigans.But MHP seams to be a game changer for them, especially at this current gas and NGL pricing zone
Definitely will not be investing at this stage, but will keep a close eye out as expecting a material improvement in their cashflow going forward, especially if the current commodity pricing stays around current levels. Will be interesting to see what they do with the cash and if management can get their act together. The assets under a different controlling team could do well. I expect the 4th quarter to be telling in terms of positive cashflow so end of Jan 2022 will be quite instructive IMO.
Hope all is well
Cheers
Dan
AXP Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
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