See news release. Proposed $21.6 million settlement of CEP/ Sanchez Energy lawsuit.
PSTR to get $21.6 million.
Gosh, that should put us at 3 or 4 bucks. Should be interesting to see what happens with the stock price. This will give them some breathing room. Good Luck Longs!
The Investment is on the books for 13 million. Im guessing it was marked to market. Not a bad gain.
That's a drop in the bucket with over $80 million in debt. Positive news but when you put it the context of their huge debt burden not so great.