The bonds that can be converted into equity if it all converted would be 20% of the float at the price of 11.50. It is up to the bondholders if they want to convert to equity after 6months. In my opinion puts a pretty heavy stone on 11.50. A spike in oil can fix that, but that is a lot of shares hitting the market people can sell after acquisition. I am long WLL myself. The bonds are a temporary cap imho.
The only balls he sees are on his chin. And judging by his shorting/covering its fake money with his " pattern" he sees
They addressed the bleeding money at the end of last q. That is no longer an issue. No significant debt till 2019. Next?
Huh? No earnings? Are you related to wiz as they have 45% of their 140kmboe a day hedged. And no significant debt due till 2019.
Wiz is that you? Please learn 2 read financial tools if you are going to make claims that stupid. Oh wait your another short who was too greedy/stupid to take profit.
He doesn't know how to read financial statements. He thought it was going to 0. But couldn't understand they had a revenue stream/hedging and no significant debt payments till 2019 And according to him he regularly makes 100k moves. Doubtful..
Dont worry you got this brah. Just learn to read/comprehend financial tools. It will help you realize when something is well overdone. And when real threats loom to the company.
im following your convictions with your posts. and your willingness to spend 100k w.o understanding financial tools.
The market thought they were going to drill themselves into insolvency. They cut capex 80% hence recovery from when they reported. Oil is up 5% and WLL is up 101% since they reported Feb 25th.
Buddy.. that is from the end of q4 assets/liabilities with the most recent closing price.. Always good with the financial tools apparently. . I wish I could be so lax making 100k moves not understanding what all those numbers mean. Also I didn't mention numbers. I'm saying compare this to CLR and many others that have a significantly higher price to book(with similar debt and their price to book is based from q4 as well). There is room up wards and you made a poor choice. Maybe take some basic fiancé courses. You may learn what price to book means.
Maybe if you covered when it was below 4 and were as smart as you claim to be you would have more money. Unless you were one of the bright short who shorted at its all time low.. But you are an astute investor who routinely invests 100k+ while not understanding how to read financial statements. I mean look at its price to book even at this price. The shorts over pressed their position and those "to smart" to cover were those late to the party.
Wow so persuasive.. and only partially correct. They are still pumping but not drilling/completing wells. Hence new oil not coming online from the heavily indebted companies.
Thats true.. the stupid shorts who were to greedy to cover or shorted under this are getting toasted. The smart ones are out.
Wiz is selective in what he lookse for as he doesn't understand financial statements or revenue. Thiings like that confuse him and cause him to not answer. Many energy companies were red today he is just color blind.