I admire your honesty. Good luck, I hope it works out or you.
Weren't you talking your book on the preferred' a week ago? Laying out a home run scenario based on an entry level of $20 per share for Exixf?
It would be dilutive to the preferred if they pay dividends in stock. There is a reason the preferred is priced at the current level, huge risk.
Natural gas below $2, operator of trust has no money to drill, wells are too expensive and risky to get a decent return even at normal prices, clock is ticking on trust to be a get a return on your money. Outlook is extremely poor for this trust.
This company is not hedged very well for 2016. Oil is at $35, there is substantial risk here.
Pretty sure the overriding interest is tied to the lease. Therefore, if lease has explired, no royalty. My question is if there are any active leases tied to this trust.
I know this has been discussed already, but Goff is buying this with both hands. I'm guessing he will end up with at least 10% of the company with an average aquisition price of around $1 per share. Goff is a big time investor who is a protege of legendary investor Richard Rainwater. Goff began as a CPA and knows how to read a financial statement and understands balance sheets. He will probably end up with a board seat and is a welcome addition to this company.
I either cannot open the file or I am missing something. When I open that link, it takes me to last earnings report. Who Bought? Thanks again.