If this company is bought out it's like the Blind leading the Blind. VTG is so far in debt it'll take a miracle for them to pull out of it. But like one poster stated, when drilling starts the PPS will hit $ 2 soooooooooooon IMO with this stock, sooooooooon equals the 12th of never
They don't need to pay off the entire debt but just make it a manageable amount. Vantage will have over 3 billion in drilling contracts soon once the front-end of the Tungstem contract is signed. Also once they refi the remaining 12.5% loan to 7.5% or BETTER then $$$$$$ will start to come in HUGE amounts. I'm hoping for a rate of 7% or less... Would be SUPER ! In less then 3 months we will have Tungsten ! Also JACKUP rates increasing one at a time ....
You forget they also have ASSETS like SHIPS & JACKUPS worth a few billion... DAAAA
I think it could be "Pieced Meal" in the future for a sale. But like ZD says, no company is going to P/U the entire assets along with the debt. Of course, BR and selling off the assets could also be down the road with the direction this deal is heading. Of course, I can hear the screaming now that once we start drilling with the new rigs the money will start flowing and 2 bucks soooooooooooon!