Any thoughts on LGCY going forward? I see nat gas broke $3 decisively. I know that they have hedges but that should bode well for the re-determination I'm thinking. Anyone would like to chime in?
Thing is they're not killing anyone. All these BK companies became much cheaper producers once they got rid of debt. Not one of them said "screw it, oil is no longer profitable let's grow tomatoes".
Don't know what's ailing LGCY. 9 days down. MCEP may have their problems behind them with the preferred, the new buy, and they're no longer overdrawn on their credit line
I guess you can just click on that link that someone posted in conversations and will take you to this one. They haven't relented just some glitch. Any thoughts on LGCY, VNR and MCEP after earnings? Have you ran the numbers? Thank you
I guess we'll find out Aug 4 after hrs. I have this dislike for companies reporting Thu after hrs and conf call on Fri. Kinda like they're trying to bury something into the weekend. Any other dirt cheap bonds that you're in? Running out of investment material LOL
Actually I made out like a bandit. I believe I sold my VNR around 22-23, bought EROC at 16.75. Sold half of EROC at 33 and bought WTI at 25. Still have 100 EROC. WTI jumped to 32 but someone dumped 1000 and brought it down some so I bought more at 30. I don't think the value of the deal is worth more than 45-50 cents. In the counter they have that 30 cent unsecured but it only pays 1% interest for a while, so I imagine no one will pay 30 cents for it if I was trying to dump it. That's my understanding but I'm not very bright. How long do you think until they come to an agreement? Or maybe the company will counter...Any updates if Franklin is buying more bonds?
tried to put a bid in at 9 cents and still shows accrued interest. Called etrade and they said that some traders are trading w interest some without and would advise not to place the order otherwise I may be paying interest. Hmmm BCEI exploring opportunities. Dodged the bullet on that one. Sold it last week
It's like North Pole in here. Yea, noticed US production dripped 200k from last week. Hopefully not LGCY lol. Was looking ready to break out a bit and then bottom fell out. Rotated some of my LGCY bonds in WTI, about 50 of them but frankly WTI is becoming a bit expensive, so I'll stop for a while. I like them at 25 or less.
yea those are pretty safe lol. Can't find Armstrong bonds. On CLF I'm just long a bunch of January calls. I think that one is gonna skyrocket come earnings. Hard to find many moonshot bonds anymore