Why wouldn't the banks want to work out a deal and keep them out of chapter 11? They would take losses as well.
Linn and ARP are completely different and you know that.
As soon as they say that redetermination is OK and that they have the banks blessing it will go up above $1. This was a dumb way to announce what the banks have demanded.
I am with you. They were predicting a $2.40 + distribution 18 months ago and now we hope they will survive. Wow!