OTCPK:TLSMF - Post by User
Comment by
oilandgasmickon Dec 14, 2014 11:16am
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Post# 23228696
RE:RE:Takeover metrics on Daylight Energy
RE:RE:Takeover metrics on Daylight Energy Jack, I agree that the time to seek deals was when the markets were healthier but I think that the debt issues here are not all that bad. At the very least they should be able to consummate a few asset sales with Repsol and if you cancel the dividend then that should see the company through the next few years when the disastrous North Sea deal expires. I believe that they also have a 3B line of credit. It's a shame that they have been so stubborn about valuations and how the shareholder has lost so much in the way of money but that's the bunch we were stuck with.