So let me get this straight....the company meets with the hedges and divulges material information that causes the stock to recover 40% in one day? That's one way to get rid of a derelict CEO have the SEC take him out. LOL
You're comparing low cost producers vs a company that loses 1.40 per share at market prices.....you are comparing the wrong metrics.
Option activity says up a buck or more watch into the close if there is a low volume push down it would portend a positive report. I'm out because I hate Thurs after close reports only thing worse is Friday after. GLTA
Your read is way off here...my guess no revolver.....banks have regulators breathing down their backs and no bailouts to fall back on. I thought someone would come in and partner up but that won;t happen because the bones are cheaper. Oh well at least I didn;t double or triple down. GLTA
OK maybe it's three steps back....these boys better watch it or they may be swept into the abyss. Oh yeah, diluting shares at these levels not really an option.... only prolongs the agony and turns it into a penny stock faster.
I can't believe I'm wasting my time......take 900m diveded by 2.30 divided by 2000.....check world production figures and determine as a % it's nothing....not to mention WS'ers DON'T taker possession of anything they trade in figures. My original comment stands.
Hold your horses kemosabe......no question the dynamic of this issue has changed but reset for risk off is a bit hasty when we are 15 to 20 dollars from break even on oil. I'm not smart enough to know the cause this change but pretty sure repricing for risk is not it.....Something is up though..my guess would be a heavy partner, asset sale or someone kicking the tires.....don't care just move it up.
Hmmm......maybe someone (like a banker) threw some cold water.....volume and price action.last several sessions says there's a chance something's up.JMO
Short?.....I and most here wish.....and quit throwing out that "no maturities until 2021" #$%$ you sound like that pollyannic CEO.....ever hear of interest? Cut g&a to the bone.....take senior pay cuts and show the market you aren't going down with the ship...oh and those revolvers all have covenants that have probably been destroyed by now. JMO GLTA
This is going to require a major asset sale.....listened to the Enercon presentation and thought someone needs to throw some cold water on this #$%$ to wake him up. Oh well, I'm sure the banks will be "kinder and gentler" this time. LOL
Be careful rumors have it HBO is exploring a "orange is the new pasty white" series....jumpsuit.....pant suit what's the difference.
Sorry no correction like this with oil at 43 and going lower....what they ARE staring down is a correction in their revolver..... they are vulnerable for is a fire sale.