Well not quite.......They have too much credit/cash available now to go bk. The banks would have cut their credit line if that were the case.
they aren't defaulting on their debt payments but maybe mr market doesn't see how they can pull out of this one.
The biggest problem now is if they couldn't sell assets with oil above 50 how can they sell it with oil basically in the 30s.
yes its common knowledge all filings are outdated and do not reflect the current scenario.......but either way this company is undervalued by hundreds of millions
More money in the bank! Fleeced the short sellers again. Don't you just love it.
LOL I would never back away from a promise!
-Contra. LOW OIL is crippling this, they have liquidity. Low oil can grind them out, but right now they have plenty of flex to pay interest etc so no concern as of yet. MHR couldn't.
Time has been bought, but now oil is getting messed up again.
And just do a quick PR to smooth this over and its all gravy.
5s would be amazing, but nothing is impossible when the stock price becomes irrational.
So scale in so you don't have to guess
happens, remember usually the last 30 minutes of the day you get your best prices. I have taken a position but hawking for that really big capitulation move.
Either way this is such a gift. but sucks for those long prior
I love these fire sales......Back up the truck, give yourself a 20-30% downside safety net after today and fleece shares of the sap longs who sold.
I will sell above 14.
Because a buyback will increase the underlying stock. Save all that money and directly buy your stock. Like AAPL did. Use the cash to give back to shareholders. Yields are for old timers.
You will get a panic sell yes, but once the start buying back you can't stop it. AAPL, MA/V /GILD the buyback is too powerful for shorts. The distribution creates a false hope that you can just collect 8-10% and beat the market.
Time to change the rules to beat the street.