I don't believe anything Hession says. We were suppose to be an e&p company w/ 1/3rd participation interest in an LNG facility. We were going to explore our 2 million acres but instead Hession decided it was better for him to get rich quick and not exercise fiduciary responsibility.
As I recall Hession planted the seed regarding A7 on the Nov CC stating it could add btw 1T-3T to the payment. The question is would Total be willing to drill A7 w/ the payment involved...
BHI Rig Count: U.S. -9 to 406 rigs
U.S. Rig Count is down 9 rigs from last week to 406, with oil rigs down 10 to 318, gas rigs up 1 to 87, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is down 482 rigs from last year at 888, with oil rigs down 342, gas rigs down 136, and miscellaneous rigs down 4.
The U.S. Offshore rig count is 22, down 2 from last week, and down 12 rigs year over year.
BHI Rig Count: Canada +7 to 43 rigs
Canadian Rig Count is up 7 rigs from last week to 43, with oil rigs up 5 to 16, gas rigs up 2 to 26, and miscellaneous rigs unchanged at 1.
Canadian Rig Count is down 34 rigs from last year at 77, with oil rigs down 5, gas rigs down 30, and miscellaneous rigs up 1.
have you seen the short interest, that is reason alone for the shorts to game the stock. They've covered themselves w/ options to some degree.
I disagree, there are two phase two studies coming due hernia by 2nd Q end and the next in Q3. 2nd half of year they file another NDA and unless they have fast track won't hear for a year. The company will probably be sold in the next couple years.
I think they survive but I don't know what it means for existing shareholders. debt holders will be forced to make decisions for the company's survival which they will not be thrilled about.