yes, buythem pennies on dollar. Bankrupt, then buy the bonds and restructure. Blackstone at its best
Funny how the market cap is trading way way below those barrels of oil.Oh Debt come to mind.
You mean .50-to..70 per share. The debt is a crusher Period
it is a 7-8 dollar stock before long
if you bought at 9-10 per share, you are now gone. as for longs best of luck on the next divy cut
back to 10-12 in the next quarter. Poor hedges, borrowing money to pay a divy?? and a retracement in oil prices. Good luck
How, They are very poorly hedged. Less debt than line however line somewhat better hedging going out 2 years.