GREY:LSTMF - Post by User
Comment by
orlandoflon May 24, 2016 3:56pm
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Post# 24900600
RE:RE:Cash flows on oil price and exchange rate improvements
RE:RE:Cash flows on oil price and exchange rate improvementsUppersDowners wrote: the numbers are a lot better but the debt is out of this world. If LTS was a good deal smart money would not have left. One day we will turn on our computers and it will say LTS Chapter 11 as Wright has driven us into the ground. Wright had a deal for the Bakken properties about 18 months ago and said no as he thought it was low ball and now if he could he would jump at the offer. He blew it.
I think all of us who were long never thought it would stay down this long. It looks like they could be going bankrupt, but there still is some serious buying - could just be shorts - or it could be that a deal is possible diluting stock since they can issue first debt just behind bank line - I'll wait to see if they get funded then maybe buy over a week or two later - I think there will be time to get in if they get funded, but it is also very likely that they won't - they could still possibly get bought out pretty low price though if that were to happen - someone would likely have to have a deal in place with debt holders to pull the trigger.