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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Post by BigA!on Jul 22, 2013 2:26pm
277 Views
Post# 21622417

HRT Struggles Could Add Safety to Tuscany Suit

HRT Struggles Could Add Safety to Tuscany SuitDry holes tend to be the norm for HRT, the most recent of which sent the stock into free fall this morning. This should add a saftey net to TID's suit because HRT is now actively shoring up cash by selling off non-core assets. HRT is divesting its air logistics business, its geochemistry service provider, and selling some rigs, for a combined value of $80M on the low side and $120M on the high side. Considering TID expects the suit to play out by latest Q12014, this additional cash should strengthen TID's ability to be paid in full. 
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