easy money folks
Great post and totally agree but there was no need to post this, ppl on the message board are here to gloat and pout, LOL. Here's some good advice, just remember wallstreet said the same thing about the homebuilders in 2007/08, then YRCW in 2011/12 , KCG a couple of years ago but have failed to put any of those companies in bankruptcy or even get delisted. Truth is, if a company is making money it will stay listed in the exchanges. Just sit back and relax and wait for earnings, the truth will be displayed there. Until then, its rumors and games to kill the company before it posts earnings. Besides, they do have assets they can sell to use to pay debt then turn back around and by distressed assets of other struggling oil and gas companies at a cheaper rate, thus I would call that a debt restructure without bankruptcy. Just hold and see everyone at $15 at the end of the year
Sentiment: Strong Buy
hey shorts remember those bankruptcy threats? I bought and held, did pretty good buying low and selling high
Last time I checked, they were still being traded on the exchanges, LOL. Same goes with CHK, everyone at $15 at the end of the year
And debt maturing is 3.5 billion plus a 550 legal settlement that will be stuck in appeals court for another 20 years.
They also make about 11 billion in revenue each year!!!
Explain to me why this company is going bankrupt again?
The fact that they have not drawn on their credit line tells me they are doing fine, plus, word is out now that oil will never get to the teens like investors 1st thought it would.
This is a buy and hold, should be $15 by year end.