GREY:STPJF - Post by User
Comment by
dbinvestoron Mar 19, 2015 6:57pm
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Post# 23540922
RE:RE:RE:RE:RE:RE:RE:RE:Affidavit: "...McKay and Senlac ...grossly mismanaged"
RE:RE:RE:RE:RE:RE:RE:RE:Affidavit: "...McKay and Senlac ...grossly mismanaged"Refelcting on this more I see the point of the Affidavit from the 2nd lien holders.
The buyer of this train wreck will reap the reward when he takes an axe to the cost areas as is normally done after an M&A.
Interestingly and roughly speaking, if the if the price of oil rises to around 55-57$ this train wreck is around the break even
( I am not including any debt servicing costs in my estimates. )