At least that's what they had on Jan. 26th after the line of credit pull down (stated $700+ million). Royal Bank of Canada either knows something the rest of the world doesn't or they are very foolish.
Kel.....................a holder as of today
Look at the debt and other liabilities on COP's balance. I was looking it over yesterday after they cut the 1/4ly div. Not sure XOM would want to add all those Billions of $$ of liabilities to their balance sheet.
Q 4 results ALWAYS take longer for almost (if not all) companies. Q 4 results are audited year end results. The earlier 1/4 ly results aren't audited.
Perhaps an equity (additional issued shares) swap for some or all of their debt. Basically, they're saying they've almost run out of money and that they're still operating because the vendors and creditors haven't forced them to file BK yet. At least that's what I read "between the lines." Things are desperate.
That the 93.78 cents they paid in distributions in 2015 is more than the stock is trading at, as of the after hours 60 cent quote.
Kel.....................a former holder
OEDV (Osage Energy) has filed for bankruptcy per Feb. 4 press release. Click on the link to OEDV's website to see the filing. OEDV was trading around 1/2 cent per share and this was inevitable. Osage is going to liquidate their properties and pay off AINV and other creditors. Apollo is going to provide some (about $400,000 for starters) of DIP financing so that Osage can continue to operate their wells so that maximum value can be realized in a sale of said properties.
Have to wonder if other problems like this are lurking on Apollo's balance sheet. I am a former holder of both company's stock, but neither of them recently.
Good luck to AINV holders...........................Kel
Traded it in the past, not recently. Nothing left there unless they trade new shares for the debt. Any way you look at it.....a big writeoff for AINV, maybe not 100%, but not far from it.
This was a public company, so it was easy to see the problem approaching. What about all the non-public companies out there that BDCs own slices of? Could be some scary items hiding.
Wouldn't insurance companies rather pay for a CG test than for a full scope job? Or a least use the CG test as a screening tool for some that may still need an additional colonoscopy?
Or.....is this a case of physicians having to cover their behind? Skip the CG test and just move right to the scope?
In @ 6.55. Was here several years ago, well before approval. A friend talking about colon problems jogged my memory. Took a look and liked what I saw. Plenty of cash for probably 10 quarters, sales growing, and deals like Anthem-CA.........worth a shot.
Nice .1291 div for Feb. The 12 month total is now about $1.13. Monthly average of .0944.
I am comfortable with CS as the operator. First of all, thy're a Swiss bank. I'd be more concerned if the 'parent' was something like DB. My position is small though, about 3% of my IRA. Have held for about 1 year now, and have traded numerous times around my core position. Have done better with the trading than with my base position that I paid 11.75 for.