The announcement says nothing about using the funds for "operating expenses" as you say. That would imply that the company's cash flow cannot pay operating expenses.
The announcement does say "Oasis intends to use the net proceeds of this offering to repay outstanding borrowings under its credit facility and for general corporate purposes."
what assumption did you make about dd&a? They've had production problems which show up when you look at dd&a per barrel y/y relative to production growth y/y. Hopefully that will start improving. If they can fix it,combined with higher production, earnings should be a blowout.
I see the logic of putting the stop 10% below its high (I've done the same thing but at 7.5%),but not the part about the 35% return. The market doesn't know where you bought it.
Maybe they think the rate of return on the acquisition will exceed the cost of the debt. OAS has received some good press recently, increasing their visibility in the market. That should make their debt cheaper. It's good to borrow as much as feasible in those circumstances.
Yahoo Finance no longer provides names of etf's to which a particular stock belongs. this was a valuable feature which many people used.
Is this just a continuing deterioration in the quality of Yahoo Finance,or was it a mistake that nobody paid attention to?
Also, the Feedback section is broken,again.
Compared with Google and others, Yahoo is really second rate. Why anyone would put money in this pos is beyond me.
WLL at an appropriate premium would be above Repsol's limits. Also, the fact that I own WLL almost guarantees they won't be bot unless at a price lower than today's. just my luck.
if you look at the last 10-k and eliminate all the Egyptian ebitda and all the Egyptian assets, but none of the liabilities, you'll see that APA is still a very attractive buy at these prices. So if they get rid of Egypt for a positive number they'll be ahead.
Executions have slowed down this week, after etfc stopped using their in-house entity. I've entered several market orders this week in the first few minutes of trading and they've taken 1-9 minutes to execute. sucks.
I've done very well with wll, but I trade it. just a few minutes ago I took some profits at 51.77,I'll be buying again if it falls below 50,selling some more if it goes above 54.