GREY:WFREF - Post by User
Post by
wilwalon May 30, 2015 9:38am
215 Views
Post# 23780695
A good buying opp
A good buying oppDespite all the craziness on this board, the fact remains that the current ugly sentiment against the high debt oil companies is exposing a good buying opportunity.
Every CEO from LTS to TBE to LRE knows what they have to do to turn it around. Even LTS with its mountain of debt isn't hooped yet. LRE is in a better position as they have several decent options such as a big asset sale of Redwater which would probably do the trick and remove the discount off the stock. That 40% discount on the debs indicates how much the commons are discounted due to high debt. Lots of upside here.