What are KWK bonds trading for today? If the value in the stock is there, then the bonds hold the value as well. They are trading close to full value....so the risk is very very low. Looking for an upgrade on the bonds for a better interest rate during the re-finance.
With a new credit rating during the refinancing of all KWK dedt the company could possibly lower the interest rate by 3%. This would result in $45M annualy roughly $.26/share in pure positive cash flow.