GREY:LSTMF - Post by User
Comment by
bushhog1on Apr 03, 2016 9:44am
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Post# 24725043
RE:RE:RE:RE:BOUGHT MUCH 0.335? HOPE ADD MORE 0.2 RANGES
RE:RE:RE:RE:BOUGHT MUCH 0.335? HOPE ADD MORE 0.2 RANGES The CFO said if "The current economic conditions of oil prices persist. We expect the borrowing base will be reduced, which could impact our liquidity at yearend 2015, which currently is just approximately at $195 million.
Under our debt indentures, we have the ability to issue up to $750 million of first lien debt and we look at that as one of the options potentially available to us to reduce any liquidity risk we might face the result of the reduction to the borrowing base."