Impact: Neutral to slightly negative as the Company's overall borrowing capabilities have been substantially reduced, though the reduction to the covenant free portion was modest. Overall, the revised credit facility still provides enough capacity for the Company given our forecasts on strip pricing and the FirstEnergy price deck.
02 Dec 2015
JOURNEY ENERGY INC. (JOY) ANNOUNCES BORROWING BASE REDETERMINATION
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JOURNEY ENERGY INC. (JOY) ANNOUNCES BORROWING BASE REDETERMINATION
Journey Energy, Inc. (JOY:TSE) | 0 0 -0.6% | Mkt Cap: 89.2m
- Published:
02 Dec 2015 -
Author:
Michael Hearn -
Pages:
2 -
Impact: Neutral to slightly negative as the Company's overall borrowing capabilities have been substantially reduced, though the reduction to the covenant free portion was modest. Overall, the revised credit facility still provides enough capacity for the Company given our forecasts on strip pricing and the FirstEnergy price deck.