I am hoping they use the dry powder to buy a brewery. No one in that business is stupid enough to sell their product for a loss year after year.
Drill high price wells, don't hedge, then sell @ low prices. Dead money at best but probably should be marked down a lot further.
Do you really think Schiller is trustworthy? He has one thing in mind, and it isn't the interest of his investors. But, with this debt load and the servicing cost, nothing short of a miracle will keep this company afloat.
Looks like we are there. We are giving back quite a bit of the recent gains.
What do you think they pay for all those advertisement with along with the free books?
How does that compare to Shiner Bock. I find that after first 6-pack or two, I can't notice much difference between beers.
Go for it suckers!
What about the condoms that float in with the tide? Don't forget them.
Maybe they can get the price of gas down to 50 cents in the Winter. Stupid industry, been handing investors their ARSEZZ for years now.
Except he(we) owes the money and pays interest on it at an exorbitant rate. Any fool can buy high , borrow high and tank a company in the process. Where are you tools that defend this utter stupidity? Pumpers are losing ground everday.