RE: RE: RE: RE: Stifel Nicolaus Presentation Thanks for the clarification.
This makes their numbers look even worse. Basically with their $300MM in debt offsets their PDP value of $294MM. So their low range is basically someone buying them for nothing due to the bank wanting their money.
With their high debt levels, it brings down their value so much that I don't see any upside until they do something positive to bring that debt down.
Management really screwed up this company. They could have managed their financing better than this.
If new management comes in with an influx of money, I am in.... other than that, I am waiting on the sidelines, there are less risky companies to invest in.