GREY:PEYTF - Post by User
Comment by
bill_29on Jan 25, 2015 6:10pm
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Post# 23361612
RE:RE:RE:RE:RE:RE:Could anyone please explain how PLT.DB works?
RE:RE:RE:RE:RE:RE:Could anyone please explain how PLT.DB works?Appreciate the coherent and reasoned response, Joe. Good input from a longer term perspective.
BTW... I failed to mention that PLT.DB matures June 30th, 2017 in a prior response. This was asked in the original posting and was not answered. Apologies.
Joe454 wrote:
Actually management has done an excellent job with cutting cost and fixing problems , no one could foresee that oil&gas would take such a dive. The problem I have is this company was put together for 80 - 100 dollar oil and 4 - 5 dollar gas and the current price is going to stick around longer than they can stay solvent. The boe/d is down to 6,800 and going lower if they don't start drilling by the end of March when their hedges run out. There's a ton of oil&gas weather it's in the ground or in storage and the grim reality is the world needs less of it than we thought. I think this will be the new price range for a long time , and the industry is in for a rude awaking. Wish you well.