You don't. Someone else does. Perhaps the shorts are forcing the price down: That's sarcasm. In real life, the earnings and the acquisition of 2 junk properties has pushed the price down.
You may recall that WLL's triple hedge is for 43.75-53.75-74.40, short puts-long puts-short-calls, in that order. At the current price, the 43.75 puts are expiring, worthless--free money. They are selling oil at 53.75. And, the short calls are expiring, worthless. The other 56% of their production is selling at market. At this time, they are coming out smelling like a rose.
Wrong. Go ahead and get out while you can. Look at the terms before you do.
The dilution is real and immediate. I wouldn't just jump in. This is not a good sign.
The underwriters are making money hand over fist. I don't know about anyone else. WLL is trying to keep some of its revolving credit. This is an indicator that they don't expect to be able to pay off any debt for many years to come. The company hopes, that before the debt becomes due, it will be converted. Notice there is a significant premium for voluntary conversion.
Are you talking about swapping bonds to convertibles? That has nothing to do with a stock offering or debt reduction. It is more like paying a fee to pay off one credit card with another one--grabbing at straws. Of course dilution occurs .when the obligation is incurred. That's a downward force.
You can't tel, yet you pretend you can. The two types of orders are buy and sell. Short and long are bookkeeping exercises that are provided by your broker.
Have any of you people who at least claim to be buying thousands of shares of WLL at various prices considered trading the oil indexes, such as OIL or USO? You can play the volatility associated with the price of oil without the high risk of of investing in WLL.