@bigal36 - your views are welcome and you do raise valid points regarding cashflow to fund ongoing growth projects.
As far as demanding proof that's something that isn't readily given in conference calls, we are all looking for outlook and guidance. To be fair no one really knows and uncertainty is where the opportunities are made and lost.
It's also important to note that Diamond Offshore - rig contracts have 3 rigs available for drilling in Q1 and Q2 in 2022, hopefully COE can get one available earlier.
Yes, I am concerned about the looming principal and debt payments due in 2024, COE has 2.5 years to increase its cashflow substantially, either through increasing capacity at Orbost or getting OP3D sorted, preferably both.
Hopefully this discussion gives new and existing investors more clarity and insight about considering COE or not.
Each to their own.
DYOR
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