GREY:LSTMF - Post by User
Post by
Kaybobon Sep 28, 2015 9:55pm
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Post# 24143474
Lets face it LTS is insolvent
Lets face it LTS is insolventThe banks patients is the only thing keeping this alive. Not sure how this all goes but no one is going to buy the bakken assets for the asking price or the necessary price to make this work. And no one is going to buy the company with this much debt without the painful path of recievership and re negociating the debt. The only way for this to happen is recievership. The likelihood of a big increase in the price of oil to save face is a longshot. Sorry shareholders - nothing left or soon to be nothing left.