I'm with Rastie on this one. Cincy, ya gotta 'splain to me how a company can grow without using debt? Where do you think the cash for all those wells comes from? Would you rather have an outfit with ALL CASH, sitting there selling off assets without any chance of increasing the scope of their operations? What on earth would cause anyone to buy their stock? How would the company grow? Sounds to me like you need a little education on operating a business.
"The canadian Bakken assets can be sold, amongst others" That's what the point was,is it possible to sell some non core asset's to pay down some of the 214 million dollar debt.Some poster's took it upon themself's to have a hissy fit it's no big deal.BTW the last Conf call the ceo spent some time on the debt/funding issue so I wasn't the only one with that concern.
<Although 90% of it was over my head.>
If this is the case, you are following and investing in the wrong company and sector. The canadian Bakken assets can be sold, amongst others. Read the last 4 company presentations.
What do you mean put a spin on something that wasn't posted by you? You came on this thread posting some balance sheet info you got from Yahoo, and saying that their debt needed to be addressed. I pointed out that their debt load is rather conservative for a mid sized E & P, and if you are uncomfortable that management can't prudently use debt, then maybe this is not the investment for you.
If you think that this is an unreasonable amount of debt for a rapidly growing midsized oiler, then I'm telling you that you need to get out more. That's a nice way of saying that you don't know what you are talking about. Ask anybody else on this board.
"Your answers are showing your inexperience." Where in any of my post I stated to be an expert on this company and or this type of business? It was rhetorical, no need to answere.
"Why If you can't trust management to use it prudently, then don't invest there."
Don't put your spin on some thing that wasn't posted by me!A little bit of you goes a long way,begone.
Total Cash (mrq): 8.18M
Total Cash Per Share (mrq): 0.06
Total Debt (mrq): 213.85M
Total Debt/Equity (mrq): 33.40
Current Ratio (mrq): 0.51
Book Value Per Share (mrq): 3.50
Cash Flow Statement
Operating Cash Flow (ttm): 5.45M
Levered Free Cash Flow (ttm): -165.82M
Their debt need's to be addressed,how is the big question.A little dilution isn't too bad if it is to pay off some of it or a sale of an noncore asset would be even ba better option?
You need to go back and listen to the last conference call. This was addressed.
There is no funding gap.
Maybe you are the same doofus who refused to listen to this during the call and kept asking questions about how to close the funding gap. This person was clearly an idiot.
Again, there is no funding gap.
Cincy, its clear you're just starting out as an investor, and that's fine. But given that you should perhaps stick to asking questions instead of making off the mark statements/conclusions.
214 million worth of debt with about 5.45 million in op cash flow isn't as healthy as it could be/should be going forward.imo I don't know what their paying for this debt,would you know and care to share?
>>Their debt need's to be addressed,how is the big question.A little dilution isn't too bad if it is to pay off some of it or a sale of an noncore asset would be even ba better option?<<
Please explain why a debt load of 20% of total assets "need's to be addressed". In this industry, it is rather conservative.