I wonder why?Those that are happy to report the heavy debt load do not also report that the company's assets have increased from 309 million at the end of 2009 to 2.3 billion at the end Q2 2015.
Every one here knows that the company is highly leveraged at the moment, but has begun to deleverage as 90% of the capex on their largest asset has already been spent. With minimal capex ahead, the company can begin to pay down debt.
The wild card of course is where oil and gas prices are when Stella finally comes on line. In the mean time we can see the company's diversification strategy and hedging program has ensured the company's survival until the crown jewel Stella comes to fruition.
Of course there is risk but the company has mitigated the risk to a large extent and there is potential for a large reward.