Should get a good idea on what people are paying soon with PRB reserves for sale. I believe the PDPs for PRB is ~ 6 million BBLs. Thus my guess is they get about $50 to $75 million.
With the debt/bonds trading at a huge discount, would like to see a big block of debt bought in (assume for combination of cash + new debt). would like to see the debt ration reduced.
Seems over done, but increases the odds of a reverse split. Company's liquidity position seems to be fine. Think we'll get a spike when they sell the PRB properties. Would like to see some bonds re-purchased.
Good post Cold Play - I agree with you. This said, the headlines are bad for the stock (which is suffering big time from management blunders).
I think the company still has a lot of upside. This said, management issues cost shareholders a full year of nothing. Too bad they didn't fire the whole bunch clowns and started clean a year ago.
about a dozen trades. Not sure what's up? Maybe we'll wake up tomorrow and they will have sold the company for $5 to $6? Not out of the question.