RE:GOWRONGGEKKO>>>LMFAO>>>>SPLAT "I just have a hard time with Stupid..."
NOW THIS ONE TAKES THE EFFING CAKE, ROTFLMFAO, HAHAHAHAHAHAHAHAHA, gekko you must be staring in the mirror looking at yourself when you make this statement, JFC it must be tough to be a gowronggekko makin a fool of himself in here, you musta caught the bird flu from da crow, among other things!!!!
tell ya what i think might happen and what I think may be happening right now.
- the value of the hedge is considerable and can be sold, it is however declining as time passes.
soooo i think the banks could be shopping stella to a few majors to see what they can get, if anything. If the banks think oil will stay low for a loong time I think they will call iae's debt, force them into bankruptcy, sell the hedge position, sell stella if they can and basically give the rest away, if anyone will take it. this way they may salvage about 50% or so of their investment. if they wait and iae screws up stella and oil stays fairly low they will lose everything, so I think this is a distinct possibility.
cheers and better luck next time, ferret