GREY:VFGGF - Post by User
Comment by
Shoulderson Feb 17, 2015 3:41pm
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Post# 23437088
RE:RE:RE:RE:Cardinal Energy acquires PRY
RE:RE:RE:RE:Cardinal Energy acquires PRYWow you must of had a boat load of this garbage to still be able to buy a couple of six packs.
And no the deal is not good for you now or 2 years from now. Looks like the newco (Virginia + PRY) will have debt in the high $80mm on a $94mm credit line. Nothing like starting out with a debt utilization of over 95% on day 1.
If you're looking for the next restructuring candidate look no further than this mess. The gift that keeps on giving.