John Little is still on the payroll, he's paid hourly for his services. So if he performs services he will submit a bill.
How much does Blackstone own, has it been documented for public viewing?
I have to agree with ya stray, look at The last financial report. Lost money again, even take out the BK fees.
I hope you are right, sell the US assets. The only problem is KWK was offered 850 million for the Barnett assets end of last year when they put the assets out for bid. What does KWK own in West Texas? They are partners with Eni and EOG on some of the assets. Eni pulled the plug on the West Texas assets for the time being, due to poor economics. Living on the edge!
WOW NG is $2.08 an mcf, not good for natural gas producers. I hope we have a hard winter, and long one. Oily what do the NG futures look like for the up company NG months?
LNG is the wave of the future, however the last article I read indicated that the low commodity prices made the LNG market less attractive. The Director of Cheniere Energy sold off 200,000 shares in the last 30 days. Chenieres shares are down 30% this year. Chenniere Energy is going to miss their target of exporting LNG this year. What's up with Cheniere??
I hope they can sell off enough assets to pay lien holders and retain enough to continue operations, commons hopefully survive. Thoughts on this?
Another loss for KWK, never ends. I can't believe that Stan and company even think that they can structure a plan to reorganize. They are loosing money every month, even if you take out all the additional be costs. I can't believe that anybody is that stupid to not see this. We need commodity prices to increase before they become profitable.
In my opinion the Dardens are going to sell enough assets to satisfy the lien holders and retain the rest of the company for themselves and the stakeholders. The Dardens are not going away quietly. The key is the asset value, commodity prices are killing them.
If you look at Executive sales in the past, they have sold at regular intervals, it must be an automated sale. I don't recall many of them buying on a regular basis. Why else would you sell unless you had to? Ride the donkey till she can't go no more.
He might be able to buy a Margarita! If they had so much faith that the commons are going to survive, don't you think they would be buying back in. I noticed that Dave Rushford sold his granted shares as he received them. That shows confidence in the company you work for. Living on a prayer. Go longs!
The money was spent on assets in Colorado and North Texas assets. KWK accounting practices have always been a mystery. Notice how the debt amount changed from time to time, how many CFOs did they have in the previous years. Why did the last CFO leave his position?
They sold off the midstream portion of their company. The monies was suppose to be. Used to pay down debt. I guess they forgot to do that. Also a question I have asked before, what happened to the assets in West Texas? They had assets in 2008 time frame that are not on the books any more.
NOV just announced that they are laying off 120 employees in the Permian Basin, closing up shop. Really sounds like its booming in West Texas. I remember producers talking BS earlier this year, they were proven wrong about the commodity price.