I bought back in after the sales and debt reduction which makes BK a very slim possibility. I've had a couple companies go BK this year and it has not been pretty. Ed
That is the name of the web site hence the "caps". Wright has recently bought 250 K in the market at about .40 C and exercised rights to buy another 120K at .05 Ed
Today is the first time in many months where my portfolio [mostly oil] is up but the price of oil is down. Very strange. Maybe we are near a bottom? I certainly hope so as I'm down 75%. Ed
If they can buy distrssed properties at pennies on the dollar then equity should be fine. I would hope for deals better than LRE and EROC. Ed
HBWT -Still in Uruguay? salu! salu! I did sell alot at 28! ore at 22 and 20 BUT I PUT IT IN OIL STOCKS! What an IDIOT!
My feelings exactly. I am disappointed they did not steal some distressed properties or buy back debt for much less than par. I have an ocean of red. Ed
If oil prices stay low for years you can kiss off several countries who will not survive. And SA will be broke ,too. Not gonna happen. Ed