The difference is even at today's oil price, GST assets are believed worth more than its debt. It is fortunate they are holding STACK acreage
The bottom line is:
Even at today's oil price, GST is believed to have assets worth more than debt.
If oil recovers, it will worth even more. It is fortunate they hold STACK assets and that will allow them to ride on to recovery. Once they can stablize and survive, there will be plenty of upside
earning call is next week, we will get more info. about the STACK plays. $50 oil will give lots of demand for STACK/SCOOP assets