RE:RE:RE:RE:RE:RE:Default is likely for these energy companies? (article)im just looking at the facts in front of me and not assuming anything. FACT they have been doing this a while. FACT same mgmnt team when it was $12 now 3.40. FACT everyone and their dog knows the current climate in the sector. FACT one of the largest shareholders is adding on weakness. FACT this is a value play and who knows what this does short term "and only traders will care". FACT its trying to find a bottom as you are seeing it in the daily price action. FACT, the analyst calls are for much higher price once the dust settles. NOT FACT - who really gives them the full benefit of the dount anyways =)
What everyone is still trying to understand is how this truly impacts bottom lines and debt levels which is this enviornment can make or break you very quickly.....I would also point out everything is pulling back here....the drillers are actually trying to rally during the recent mkt weakness...good sign no?
I agree, the next few q's will be interesting, were closer to the bottom than we think......now thats opinion....
GL and hope im partially right =)
cheers Griff.