and the market cap comes tumbling DOWN!
Junk science focusing on lame petty products while real science is needed to attack cancer, alzheimers, AIDS, Parkinsons, cardio.
The brave researchers at Allergan attack crows feet;.
This entire company is built on petty vane products, not real science for real human health needs!
I laugh as your deal falls apart.
t-Rexx won't be getting any 'low ball' bids worth trillions because your debt covenants prevent it You sold your soul, and soil. The best you can hope for is the price of natural gas....in the Marcellus....somehow elevates to over $2 MCF for years. Even then, I seriously doubt this organization has the cash flow to service the staggering debt load.
t-rexx has $750,000,000 in DEBT. Marcellus natural gas trades hands well below $1 MCF.
There will be no rescue party for the State College PA patsies.
Shorty would have you think this company is selling whale oil.
Far from it!
Shorts ruled this 1st quarter, but they have become fat, lazy, and greedy.
Party time for longs.....$2 B free cash flow annually for VRX.
You know the bottom is close when the short skunks send in the worst spellers. Try SEQUOIA fund, shoe shine!
T-REXX isn't selling West Texas Intermediate crude in State College, PA. No friends, what we have here is a stinky dry gas from the Marcellus that doesn't even fetch 1/2 of the national average price. Dilutive options peel offs are Not open market purchases of stock with after tax dollars, dolt.
Exxon overpaid BIILIONs for Cross Timbers years and years ago. The founder of CHK drove his sports car into a stationary object at 80mph, and Halcon just posted a staggering loss and is working on 'balance sheet initiatives'. Any other brilliant suitors.....sparky ?
Wheat farmers in the Texas and Oklahoma panhandles circa 1928 to 1933 were faced with increasingly LOWER wheat prices. Their solution ? Plow more fields and grow more wheat. Guess what ? Prices kept going Down, and as a nasty side effect....dust bowl conditions. Companies like T-REXX have a noose around their throats.....excessive debt. So they drill, deplete, and pray. I seriously doubt your $3 MCF hedging comment for this basin.