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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Post by dbeaudeon Jan 18, 2013 11:49am
152 Views
Post# 20856832

Reality is.....

Reality is.....

This company will never see $1.00 per share again unless debt is replaced with equity as a larger portion of the enterprise value. They really need to get their revenues up and get their darn debt levels reduced. That boils down to pulling a rabbit out of the their hat and get the utilization rates up over 80% from here on and sustain 80% plus utilization rates at solid dayrates. Pushing debt out just gives breathing room and the shares will only appreciate marginally until the market sees that they have a plausible plan based on higher EBITDA levels to pay down debt.

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