RE:Net loss of $158 million for Q2!Performance of the core chemical assets continue to be mediocre, that be fosho. This company needlessly took on oodles of US debt to pay dividends for way to long, and now with the erodining exchange rate, they are even more behind the 8-ball. Again, CFO should've been held up as the worst in Calgary. Just terrible, There is underlying value in the company's assets, but the debt situation is dog awful.
consider buying after the thrashing tomorrow. Senior lenders still hold this thing over a barrel, though. vERY high risk situation. Gambling, but at least the buy in is lower.....a lot lower.
i hope at least a few of you listened. Good luck, either way.
Liquidity: At June 30, 2015, total borrowings under committed credit
facilities were $373 million with remaining available undrawn capacity
of approximately $63.2 million. Cash on hand at June 30, 2015 was $4.4
million.