Devil's in the detail. Without substantial clearly sustainable production increase, greater than 2k per day to Elk, a reduction in per cost of barrel production, the math of any accurate model of Elk's cost and debt structure even with a successful debt refinance results in the generation of inadequate freecash flow to support any meaningful share price appreciation. In a good scenario with great execution this company's equity will be running to stand still.
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Devil's in the detail. Without substantial clearly sustainable...
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