RE: RE: RE: RE: RE: 3 for 3The 'backout situation' is going to be a real real problem. Even at
.50 on the dollar, what buyers are you going to find when you factor in the 'backout situation' and that is why all of the north sea gas assets are for sale. Durango by itself would never sell since the 'backout situation' gives very limited near term revenues and the backout future revenues are not guarranteed. BUK will either be selling these assets at 'basement prices' or keep the assets and dilute the shareholders big time to payoff the debt. Also, note that last April/May there were alot of buyers in the
.350 -
.440 range, and these will likely be unloaded before this stock moves any place, if it moves at all. They're in a pickle and the shareholders are paying the price. This management needs to be gone, period.
JMHO