Australia's largest stock trading and investment forum Australia's #1 stock forum

SEA

Click for more information

0.00%

16.5¢ sundance energy australia limited

Yepp agreed... I think options are 1. Equity raise 2. Scrip...

First 32 Last

Share
Profile

Follow
tt2000

4,684 Posts.

1231

22/05/20

02:40

Post #: 44764414
Share

Originally posted by cmonaussie ↑

@tt2000

And how about this idea (from Amplify Energy) for getting some cash (maybe to pay down debt???(

"As part of our liquidity enhancement strategy, Amplify has recently monetized nearly 1 million barrels of 2021 crude oil swaps for total cash proceeds of approximately $18 million. This transaction provided immediate cash flow benefits, but also provides additional time for a commodity price recovery as we consider our hedge strategy moving forward."

If we believe in the V shaped recovery that would not be a bad idea right?

Expand

Yepp agreed...

I think options are

1. Equity raise
2. Scrip based acquisition to increase pv9 (but would need enough PDP and low debt)
3. Sell those hedges and hope for the best. We may as well. We toast anyways otherwise right.....

SEA Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 275 more messages in this thread...

First 32 Last

Add SEA (ASX) to my watchlist

SPONSORED BY