Post by
lessspike on May 16, 2016 7:29pm
Sick company of the year
Terrible financials. Deeper into bank debt...would have been worse if they were not in default on the debentures. Production down 22% from Q1/15. Mostly gas at money losing prices.
This company is not viable in this environment of nat gas prices. Rising oil prices aren't helping much. I would be surprised to see the Chinese close this deal. I hope so for the sakes of the longs looking to make 6% before May 30. We could use the fresh Chinese money in Canada.