the preferred a was on the sho list today indicating you can't borrow. i guess some of the people posting on here who are so concerned about the prefs are short them. since to me there is about 110% chance they could get partners on the stack if they needed them i would put the odds on a bk or restructuring near non-existent. they will sell the whole company before then and if they get a penny for the common the prefs are worth par which is a multi bagger from this level.
" twice GSTs entire enterprise value" thats a big number since most of gst enterprise value is debt the equity would accrue a big percentage of that increase. Thats with oil and gas down here. The nearly 50% rally in natty the last couple weeks must have some shorts re-thinking this, it helps them in the marcellus whether they sell or don't. The end of tax selling in forty-eight hours must be a bit of a concern for those negative as well. Oh, and what if oil ever rallies, could we see a triple next year on gst? possibly yes imo.
just like ceqp also did. where is our management, board and gp? if they don't do something i think the lawsuits will be considerable, in my personal opinion just to much self-dealing here without enough consideration and support given to the unit-holders who deserve it