I already mentioned this many times that this company ( I don't even thinks it is a company anymore) is trash. Market is at all time high and this garbage is at all time low. Go figure this one out. Don't waste your time discussing where thy are drilling or what ever the hell they are doing. The bottom line is this stock is hurting real bad.
To make matters worse, since NG price has fallen so much so quickly and is not about rebound any time soon, NG companies with poor balance sheet like KWK, PVA would face big asset write-downs as they struggle to comply with debt covenants.
Do you know the terms of the debt covenants? Do you know what value PVA assigns to its various drilling prospects? Do you write down your long-term assets because of one bad winter? Let's have some facts to go with this speculation about debt covenants? Seems like the increased cash flow story is more relevant than speculating on asset writedowns.