I think it is highly likely that this company goes bankrupt. The current ratio is less than one, the debt to equity ratio is way high, and there is not enough cash flow to service the debt and continue the capital spending necessary to keep the oil and gas operations going properly. What I would like to learn from the knowledgeable people on this board is who holds the debt? Are the bonds publicly traded? If so, what is the recent price of the bonds? I think a patient investor who was willing to hold the bonds through a messy bankruptcy procedure could come out the other end with a good return if the lawyers, accounts and consultants don't take too big a bite out of the carcass of the company.
Anybody have any thoughts on what I have written here? If so, let us hear what you have to say. Any professional financial analysts lurking on this board are welcome join the conversation, but I know you won't , you cowards wouldn't be caught dead down here hobnobbing with us commoners of the investment world.