GREY:LSTMF - Post by User
Comment by
bushhog1on Oct 20, 2015 9:45am
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Post# 24207930
RE:RE:RE:RE:if oil gas is 70/30 and gas boe equivalent price $18 cdn
RE:RE:RE:RE:if oil gas is 70/30 and gas boe equivalent price $18 cdnIn my opinion nothimg is wrong with Debt.
Companies run their businesses with borrowing from Shareholders or Debt Holders.
LTS just renrgotiated their Debt covenants and their Debt is very managable.
In 2015 Management said they will pay down their Debt by a further $75M.
Lenders don't force Companies into Bankruptcy, they prefer them to exist and
get repaid with some money rather rhan none.
I look at Book value, yes, because I want to see what the assets that they have,
on hand. are worth.
Investors are only looking at what oil is going to sell at its bottom, and valuing the
company as such.
Even if you looking at oil only, I believe its a necessity (unlike gold) and will go up
after the big Players finish playing with it.
Only my opinion