GREY:TBTEF - Post by User
Comment by
cenderon Dec 04, 2015 5:36pm
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Post# 24356378
RE:RE:OPEC
RE:RE:OPECMy geuss is the revised credit facility gets cut to $225 mill. based on what I am seeing on other producers in similar circumstance - that gives them only $10 mill. breathing room and like you say they do not have a lot to offer if a forced asset sale comes into play say in 6 months ... I am currently holding SGY ,ERF because they are safe for the next year , would love to buy back in here but I need more certainty on oil bottoming . Made an error buying BXO at $3.40 and exited that around $3.00 because of similar problems they will have no room after facility is cut and nobody knows how long we must endure $40 oil .