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!
Nice explosion up. Just like MEMP, ARP to follow!
270,00 shares scooped up quickly. We are going higher. ATLS following MEMP . ARP next.
Huge seller at .80 Why?
We can live with $70 oil as the cost for extraction is less. It's $26 or 30 that we cannot sustain.
Lower than 100 is correct, but way above the $26 it was a few months ago.
Memp on fire and ARP is next. Both have good hedges, that will get us out of this. Oil already at 45 and NG starting to climb. Hedged well for 2 years by which time both will recover