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Hugoton Royalty Trust Message Board

shredsail 1 post  |  Last Activity: Jan 9, 2015 5:15 PM Member since: Jun 6, 2012
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    We are most at risk to go into Bankruptcy.

    by investor911s Jan 8, 2015 1:56 PM
    shredsail shredsail Jan 9, 2015 5:15 PM Flag

    I'm looking to do some bottom feeding and this seems like a good value. Don't like the debt/EV value ratio too much - but I think the stock market has driven that a bit far. If I read the presentation the company posted 3 days ago they enjoy cash costs of only ~ $18 including interest payments. There are no major debt repayments until 2020. With current prodcution, seems like they should be able to last quite a while with today's prices or worse, without hedges. You've obviously followed this company a lot. How do you arrive at bankruptcy?

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