GREY:LSTMF - Post by User
Comment by
bushhog1on Jun 29, 2016 11:54am
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Post# 25008778
RE:RE:RE:RE:RE:LTS LOC was cut $900M in one year
RE:RE:RE:RE:RE:LTS LOC was cut $900M in one yearGood posts Sonfs,
I agreed because I also think they did everything right.
A few examples
1) Cut Dividends early - save a bundle for the Company.
2) Cut Productions - why produce and sell at a loss.
3) Revalued Assets down- writeoffs - reduced Deferred IncomeTaxes by about $270M
4)Debts swaps - reduced Debts by $125M + reduced more debts from cash Flow
by another $87M
5) Lots of other cuts thus reducing production costs going forward.
They were not forced to sell Assets at fire sales - not even the Bakken that been up
for sales for a long time
Good Luck !!