Post by
RollinInDough on Mar 25, 2019 4:55pm
dead man walkin
zar is dead... op costs are nearing $30 a barrel! that is mind numbing bad... $30 to lift their average barrel and some is natgas... so their oil lifting costs would be even higher... meaning no one wants those nasty assets. Cash flow negative ... WOW! maybe they netback $10 a barrel... at todays oil price... that is so bad, no wonder they issued half a billion shares to get rid of the debs... such bad metrics meant they could not pay the interest anyway. Now they cut maintenance spending.... what the H... cut maintenance? are you kidding.... and to think you dimwits still think it can survive... or make your money back? forget about it... this one is all but buried... then I look at the names on this board... I see the same turnips that owned other junk stock.. and lost 99% ... and rad... well everything he owned went under... petroexlorer is the star here.... he only loses 99% on his stocks... too friggin funny...
yes folks the same tunrips owned TBE and that one went under... fact is the TBE debs only paid back anything cause of a bad court case decision that has since been reversed meaning if you guys had half a brain cell you would have known that TBE was worth negative and you only got pennies on the dollar cause you were lucky with a bad court decision that saved your pennies... and anyone knew that court case was such a bad be and bad decisiont... hence it has been reversed, but your timing was simply luck as you would now have gotten zero for the debs... like zar... worth zero... nothing, nada... turnips amazing people still post zar might be worth something... amazing alright... amazingly dumb good luck turnips...
guess the good part is you got so little money left here... or in any of your stocks... losing it is really meaningless cause it is only a hundred bucks tops... whaaahhaaaahhaaaaaaaaa