GREY:PRBEQ - Post by User
Post by
Olive777oilon Oct 22, 2016 8:01pm
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Post# 25374885
the company looks safer
the company looks saferThis week crude oil and natural gas reached each a new 52-week high. At those more acceptable prices the company is not even talking about the possibility of selling any asset in order to decrease the debt. So it tells me once again that the financial situation of this company is certainly under control. The big decommissioning contract of 22 millions $ is probably saving the company. After having survived so many months at very low prices I don't see any reason why the lender would not trust the company anymore now. Especially that the company must be one of their very good clients in paying a such high interest. The company seems to have a very good reputation in the decommissioning field. At last now I can see the light at the end of the Rooster's tunnel. Rooster might be getting ready to fly soon,who knows? It is just my reflexion, don't follow me because my wife said that I am often wrong. Do you also see any light?