looking forward to Tracy getting a deal done on the BOEM sitch.
price was already disclosed dude...months ago...its a lot...but since down payment was relatively low..doesn't qualify for asset held for sale...BUT was enough t pay off all the land debt.....Thing trades at 1/3 of book...but nobody cares cause we be the minority...and are held hostage to the big shareholder until he dies
Diazinon, the University Town Plaza itself is owned by Glimcher, BUT the Sears box is owned by SRG as of July 2015. Sorry to burst your conspiracy bubble.....
Unless I missed this before they had a one line in there saying they have assessed their financial condition and believe we will have adequate liquidity to fund ops through 3/31/17. However, we can't predict the effect of future bonding requirements. I don't recall the 3/31/17 being in the last report.
Language is better PI, obviously with the current strip cash flows will be much improved. Stone has no deal with their banks yet, a problem.
take a look CUbe, see what you think.
CCC, the Q is coming out soon, might aswell see if there's anything weird in there, our risk is no deal with the Boem and they have to put up cash collateral more than they have. They have hired advisorsas well but said nothing on the call. I figure we are buying here at 4x ebitda at 17c or so..so not expensive, Tracy has taken nice amounts of costs out of the business so we aren't that far away from them being able to service everything. One of the solutions to the BOEM crisis is an equitization of the debt, so they don't need to put up cash or a surety bond. We will know more soon
Said nothing except Q2 was going to be much better, duh. Optimistic on BOEM he said.
A positive Boem result and $45-50 OIL cube we can close down this thread my opinion. Right now they still will burn cash..looks like.
I'm using pricing about 30-32% higher. Nice cost reduction but we need somewhat higher pricing still....$40 -45 and we can all go home with a smile waiting for 50/60/70
Thats what I think,, he's keeping optionality alive...Happy to take the 4 points in June..gives us another 6 months for him to figure it out...Hoping BOEm drags their feet
the Boem up in the air, who knows they may actually pay us June 15.
Iknow the calculation for issuance of surety bonds for off shore companies formula or at least what it was, are any surety bonds being issued anymore or is the market closed?
Love to see it in Websters next year! Your credit of course.
Yep. Just have a few left. This is same as the Ultra Pete shareholders to name another one this past week. Fought it all the way down to their death, bonds moving up post bankruptcy. There's over a million shares available to short now of WTI, but I'll leave it alone, at 18c we are the equity.