New debt facilities expected - "next few months". I note that he said for the previous refinancing that "we didn't do a dilutive equity issue at the time". Perhaps this suggests that there could be some equity raise this time. Which to be fair actually makes sense as even with a lower negotiated interest rate, it would be better for the company to have a less overwhelming debt burden.
Over the next couple of years there is some expectation that PDP investment could surpass their previous high levels by 30-90%. This is based on Keith John's comment that PDP investment could go from $80m investment as in the past to $100..$120..$150m.
Feeling quietly confident.
PNC Price at posting:
59.0¢ Sentiment: Hold Disclosure: Held
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