RE:RE:RE:RE:Big drop in line of credit $150m Punjabi...... those points are true what u mentioned except for your 30$ oil prediction , Yes stress testing companies is good idea , but as more time passes , companies with much higher debt levels or much higher break even prices will go bankrupt first ( and are going bankrupt as we speak ) long before anything happens to SGY , LTS is a perfect example of one nearing its death bed right now.
SGY can always eliminate the dividend , lower capex ( they can afford to lower their growth as their declines are just under 20% If i remember correctly ) to save their money instead of dipping into their LOC. Management of SGY is 100 times more proactive than other foolish managements ( such as LTS) who never did any of the above I mentioned until they were near bankrupt.
Oil will be higher than what it is now by the end of this year I can confidently say , I don't know how much higher but it will be.