Sorry disagree, Forbearance is when the loan is in payment default, a loan agreement are conditions the borrower must maintain for being granted the loan. So in your cited example your client must have been in payment default. If not, then you assisted in negotiating amendments to the original loan agreement and not a forbearance agreement:
Forbearance agreement to postpone, reduce, or suspend payment due on a loan for a limited and specific time period. Interest that accrues during the forbearance remains the debtor's responsibility. When the forbearance expires the unpaid interest is added (capitalized) to the principal balance of the loan. A forbearance request must be approved by the lender.
Typically, the lender agrees not to foreclose on the property or accelerate payments due on the loan during the forbearance period. In exchange, the debtor agrees not to contest any actions taken by the creditor to collect the debt in the event that the debtor fails to make scheduled payments or live up to other terms of the forbearance agreement. In some forbearance agreements, the debtor may grant the creditor a deed in lieu of foreclosure if the terms of the forbearance agreement are not met.
I'm sorry, a Forbearance Agreement relates to a Mortgage Default and is totally different than a Loan Agreement, are you one of WI's minions???? you certainly are not a CPA, but, I am Banker.
The bank cannot force SD to do anything other than enforce the loan agreement. Your question was not stupid at all, it's the sarcastic reply you received that was less than intelligent.
What I mean by speculate for example would be production, versus, hedges, expenses, sale of assets, etc, many things. Doesn't take a CPA or a Banker, though there is a few on these boards I am sure.
I think you are late to the party, went from 8pps to close to 52 week high in two weeks. PE 35. I would not be buying at the peak with a depressed oil market, just my opinion. I believe O & G is over bought, we have not hit the bottom for oil yet. PPS is more emotion than technicals, which is why I am only doing short term trades and adding with gains from those trades, which is against my normal buy/hold, but prudent for now..
Too soon to speculate if 2015 is going to be bad or good. CHK just got a 4.95 billion dollar check today and authorized a one billion stock repurchase. The guy running CHK is from Anadarko, a year ago last June CHK had great assets and a mess of a balance sheet. Today their debt is investment grade. This is easily a double from here and maybe a triple 2016. You will see this gap up tomorrow morning regardless of he price of oil tomorrow. NG can be in the 2's and they will still be making money. I don't see NG going there though. As you know increased my position by 50% today 18.60pps.