I had posted in here saying I was concerned with the balance sheet and reduced my position in the 6's post last quarterly and got met with the downramp abuse (although I have consistently been long term bullish on the energy business since it's inception). Market is just pricing in a raise and the story will continue to get uglier the longer management leave it. Unless of course, management have something in the works that can't be disclosed just yet. The longer it goes on, the more I believe they will come out with something that helps the balance sheet (such as selling a % of MGP). It would look pretty bad on them to have had prices in the 7's only 2 months ago, be aware of the current balance sheet scenario, be aware of the second turbine being offline during a period it was supposed to generate millions of additional revenue, to then raise in the 3's again.
Time will tell I suppose! I have a feeling they were hoping to post the results of the reserve upgrade and gain attraction from new investors / put them in a position to sell off % of MGP.
QPM Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held
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