GREY:PRBEQ - Post by User
Comment by
Papagalloon Aug 31, 2016 8:09pm
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Post# 25197538
RE:ongoing story
RE:ongoing storyMain takeaway is likely survival.....s/p is dead money until a sustained recovery in oil price. Can they last that long and continue servicing debt? At this juncture it appears so. Decom is a booming growth area but debt levels make me wonder how and where Murphy thinks he can raise money for opportunistic acquisitions. This is a very unique company with an even more unique share structure and ownership. We all know that CM owns most of the shares and K2Principal Fund owns the next largest chunk. Morrison is a large shareholder of K2 also.