What would debt cost SD today???....Maybe we should be smiling about the 7.75-8% senior debt we have?
I didn't know about this debt. Why wasn't I told?
you joking ? :).
The more interesting question is what will debt cost when a stronger balance sheet is behind the company?
The problem is that SD will never pay off the debt. They will continue rolling it over at the higher rates. Unless oil skyrockets, or they can find a sucker to buy the company, sd will go bk.
They recently retired roughly 1.1 billion of 2016 and 2018 notes with proceeds from sale of Permian assets.