RE:LTS losses since 2013Bushhog1, three of the most likely schenarios here:
1. They do a Baytex. Renegociate with lenders because lenders understand oil and the recovery. The company is whole and becomes a star for the oil recovery.
2. They do a Penn West. Have to sell assets to the waiting take over crew that did the "job" on them. Great short term double or triple but remains a bad longer term investment.
3. They do a Twin Butte which was great on the traders but makes classis shareholder's head spin not knowing what's up or down. Shareholders get raped over and over by "the street".
In any case, from these sub 20 cents, LTS is a no brainer speculative play. Only idiots would be selling here. Mark my words! Then count your Bills! ;-)
Watch and learn!
LOVE IT!
bushhog1 wrote: 2013 Shareholders ' Equity was $1,932Mln
2016 Shareholders 'Equity currently is $ 475Mln
Losses $1,457Mln
During this period LTS revalued their Assets down by $1,600Mln because of fallen oil prices.
This $1,600 Mln writeoff accounted for their losses.
LTS still has these Assets, and will be writing up back these values as oil prices reverse upwards.
This Company strongly preaches about preserving their capital and will not
sell off at fire sale prices.
Only my opinion.
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