GREY:LSTMF - Post by User
Comment by
bushhog1on Apr 05, 2016 9:43am
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Post# 24731465
RE:LTS is far away from Bankrupt
RE:LTS is far away from BankruptLTS has about $195M available for use in their LOC.
This amount might or might not be cut lower depending
on oil prices.
They will need to do capital spending in the near future when oil prices recover,
so if there is not enough cash remaining in their LOC
then there are other options to raise money including a further
$750M Debt issue.
They are not going bankrupt because their Debts (except LOC) are due till June 2019.
Management were very proactive in handling this oil downturn and continues to do
an excellent job