GREY:WFREF - Post by User
Post by
OneStaron Nov 11, 2015 7:49pm
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Post# 24283021
Ridiculous
RidiculousWhat is going on here makes no sense. The amended deal is a reflection of todays commodity prices
Long Run will get $100M and will sell some assets to meet the covenants. With the exercise of the warrants next year they can knock of another $100M
The debt is will be well under control and they still have very good predictable assets.
Whoever is buying now will be laughing in a few months.
They are not going belly-up.
Everyone points to higher commodity pricing in the coming years. The only difference is how quick and how high.
Now is definitely not the time to sell.