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Second Wave Petroleum Inc SCSZF



GREY:SCSZF - Post by User

Comment by tankingfrankon Apr 04, 2013 9:20am
225 Views
Post# 21209469

RE: 2P and big dilution

RE: 2P and big dilution

but who wants to buy equity in this company-- just so they can pay off the debt.  they still be be in a jam as the wells continue to decline. not sure anyone would pony up to buy the company out ( just to take the debt over).. since brookfield is so heavily invested maybe they might do something creative ( they basically let this thing go broke twice now).  INterested buyers might as well let it go broke and let the banks take a haircut..

 

 

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