RE:RE:ANDERSON ENERGY ANNOUNCES 2014 THIRD QUARTER RESULTS
This looks like they are doing what they said they would do. They appear to have some hedging in place which will mitigate the drastic commodity price drop that happened in October (they mention in the press release). With respect to bankruptcy, the time for that was about 3 years ago with over $250m in debts; they got through that somehow and have emerged on the other side. A buyout is the likely exit strategy as the debt load they have is not catastrophic; they are using the drill program to find new targets while proving what they have they can make money on as they are continuing to rationalize their expenses. Lots to like but in the wrong sector right now.