Well, I didn't want to say anything yesterday because Forest has been known to drop Friday after 5:00 PM earnings bombs ! But as the last Qtr. was the numbers and situation are so "Dire" that more time with the numbers and information are needed for "Rearrangements and Lies" that will legally nullified with a legal "Disclaimer" at the reports end!! Business as usual for fraud's and thieves!
Can't wait to see the "Non-Gap" numbers and then on to the next qtr. and the pain of BK breathing down their necks. First Reserve and their stable of "5 Alarm" muti- houses on fire cash burning energy companies will be trying to find liquidity in desperation open door for Goldman and JPM. Just look at the final ownership of Lone Pine it's all documented for the SEC and Justice if there really was enforcement of the law!
Earnings are on the clock, by the way has any shareholder received "anything" on 'anything" from the company who ever they are? I doubt it ! Fraud usually keep's their marks uninformed!! Can't wait to see the Sabine numbers that were crowed about when they didn't have to file with the SEC !! Now will First Reserve jump in with financing to the rescue, I don't think so and they will violate covenant's on what they already owe!!
Goldman think's Sabine is BK toast. I thought First Reserve could provide the "deep" pocket financing connections necessary, until oil fell off the cliff. First Reserve itself is in deep "Doo-Doo" and it's portfolio of "WEAK" oil and gas associated company's are a boat anchor to the bottom.
Yesterday Goldman released their risk assessment on what will be the fall out of "shale" PLAYERS at 60$ oil year end. They divided players into 4 categories #1 being best assets best balance sheet, cat. #4 being weakest assets and weakest balance sheet. Sabine Oil was in category #4 and next to last. Goldman stated at 60$ year end only categories #1 and #2 will survive. All Cat. #4 will file BK and Sabine is next to bottom in #4! !!!
That would be the head "snake" of the Lone Pine - Forest Oil frauds none other than Patrick Richard McDonald! A man who should be sued into the poverty he left "his" shareholders in!
Take long, Dod A Fraser one of the two board seats given to Forest by Sabine has now in two sentences resigned! A complete cluster "F" - tic-toc Febuary's 10Q filing is on the clock!
Looking through their stable of "all" energy related company's that "they" say are public but First Reserve has majority ownership and control, they be "F" ed if oil and gas doesn't pick up by year's end. Hope these buzzards didn't payout all those profit's the past few year's because their company's are burning cash with loses like a house on fire. Sabine ,Weatherford and all the oil service company's they own. The banks "WILL" cut their financing because if these were stand alone company's their financing would already have been pulled! So First Reserve seems to buy company's at BK's door and gets them financing for outright control of the company. That business model in the energy world just had a flame out. Oh my, 30,000ft. and the fuel "financing" just went poof, guess what happens next!
Good job on finding this, isn't this the first symbol they tried to go to? How did you find out because it isn't being advertised by the company. Would hate to be a shareholder and has there been communication on anything to said shareholders on dilution or anything else for that matter?
They have not announced diddly to the Forest shareholders and "ONLY" released "REQUIRED" SEC filing's! It's worse than their(FR's) worse case senerio, but just around the corner a "REQUIRED" 10Q ( head in the sand or not) is due!
When the 10Q is filed with the SEC for the next QTR. we will take conjecture to fact! By the way I people will be looking at the GAP numbers not the non GAP accounting BS numbers. I can even conject that you are a off shore pumper boy!
I won't argue, the next two 10 Q's will take care of all your "speculative" conjecture! Read my posts back over the past year and I haven't been wrong on this POS to date "PUMPER" boy!
Sabine , can't wait for the next two 10Q's to "REALLY" see the Sabine profit machine in action! First Reserve will see "MAJOR" pain in 2015.
Energy prices ddown every day and this PPS walked up every day. So far from .17 to.27, the fraud and manipulation continue and I believe First Reserve armour might tarnish during this down turn!