Yeah this price action is truly baffling - why it's in free fall now while the oil and gas sector is recovering, the market is hitting new highs, and an analyst upgraded a while back perplexes me. Why didn't it follow the pattern of other oil and gas smallcaps? I am not going to invest either until I undertsand the debt situation though, still looking for some answers on that.
Can somebody provide me the cliffnotes on the debt situation here? Such as when the next bond payments are due etc? Obviously the oil and gas services sector has bottomed along with oil prices but for some reason this stock has lagged. Could it be a buying opportunity like a number of the other oil and gas smallcaps were, or does this have no hope and is headed for inevitable bankruptcy? TIA.