Standard & Poor's Ratings Services lowered its rating on Quicksilver Resources Inc. (KWK) further into junk territory, saying it doesn't believe the oil and gas explorer will be able to remedy its unsustainable leverage well they don't know #$%$ Tell em boys $4 today $8 tomorrow. This is postive!!!! Good luck RH
See the previous post. S&P is late to the game here. Bond prices already reflect downgrades. Better yet, S&P agrees that there are zero liquidity concerns for KWK for at least 18 to 24 months. So yes, I'd buy on this bad news. Expect $2 today. Stupid selling the last few days. To repeat: KWK has zero liquidity issues for 18 to 24 months, so they have plenty of time to form more JV's and reduce leverage, both of which will boost the stock price significantly.