The bond holders,now the majority shareholders can sell the company to either the Saudi's or Maserk,they are the only one's that will pay enough for them to get back at least twenty cents on the dollar.The rigs the Saudi's are leasing can be sold to them,and Maserk can buy the other 3 new rigs.Even in a market where oil is under $30,Hero if sold now will be worth at least 100 million.
They could'nt make money with $100 oil,at $30 it's all over .86 is better than 0,hk will follow sd,hero and others with billion dollar debt.There is a new technology coming out of Germany that will make oil for energy use obsolete,thats why they are over producing $10 oil coming soon.
Happy holidays to you and yours,I'm still here holding on,maybe next yr. orders pick up,lost hope in lawsuit though.
SD will follow hero and file Chap. 11 exchanging it's debt for shares of the new company,sell now while you still can get .20,it's better than nothing.
There is no hope for the common shareholder,unless Russia invades Saudi Arabia and that will never happen under Obama,Putin fears him.
Will Maserk do the same thing the Saudis did,give hero a third of the contract price in May?How come hero can't give the rig builder one third of the rig price?
Shale oil is finished for now,by June SD,HK,GDP will all file Chap. 11,bondholders will get .10 on the dollar and shareholders get 0000000000,stay away President Obama destroying big oil in the U.S.
And yet the company stock hits new lows every other day,they need to double revenue just to break even.
Sentiment: Strong Sell
If they liked it in the $4-5 range,now at $2.60 it's a easy takeover,Celgene has deep pockets and like to empty them in growth companies.
He picked up 1.4 million shares,just over 7%,but I can't find out the price,look on Edgars.