Have small amt bought a much higher price Just came back to look.. Re sale Al fields How much did they get? assume yahoo correct in 84 million in debt ..What is your current opinion ? thanks in advance
There are the assets and then there are the hedges for the production (that is for 4-5BCF at over $5).
The combo could help, but pose another question: how do you finance bringing new production in the areas you still have. that is the question.
Disclosure: believed in the potential of this company and still does. good luck to the company and to us as long investors.
I did not see anything about the price they are getting? Would be interesting to know how much $$$ as well as what they value them at on their books. I"m assuming they are selling them at a loss. Much information left out of PR.