GREY:LSTMF - Post by User
Post by
Kaybobon Sep 09, 2015 10:13am
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Post# 24088682
Will LTS make it
Will LTS make itJust spent some time looking at financials and presentation. I get it- the presentation spins things in the most postitive light but I am trying to determin if these guys are going to make it to a take out or is the bank going to force these guys against the wall. The key to is it getting to the other side. Their hedge sucks and 2015 is soon coming to an end but they have tucked in for the long haul. Divi suspension, capex slash, they have not done layoffs or wage cuts yet but I am sure that will come (not sure what they are waiting for). The coming bank pressure will determine how things go and with wti steady and low that might be trouble.