RE:RE:RE:RE:There Was A Time "Remember when Ferret predicted IAE would not meet its debt covenants and would go bankrupt. Good call Ferret!!!!!!"
actually impega at that time iae did not meet it's covenants, they were changed and delek bailed them out otherwise they would be bankrupt.
i still think they are at risk of not making it down the road that's why i don't plan on sticking around to find out. they are definitely teets up if stella doesn't produce ( in that case we are all toast here) and as far as down the road, i don't think they can make money at 50 buck oil along with their need to explore for or buy more reserves as soon as stella starts declining, which i believe will be a lot soon than any of you expect, jmho. i believe that once stella starts up most of the loot will be needed to pay back a lot of the debt, which i believe the banks will demand.
also those 300 mil 8+% senior notes will need to be paid back in a couple of years so money needs to be set aside for that. banks won't be so generous on the next go around as many juniors are finding out
it's not like they can spend all that cash flow wherever they want once stella gets going, at least from the way i look at it.
they fackers didn't make money on 100 buck oil and athena was a disaster.
can any of you clowns explain why not one mutherfacker in pofs management won't buy iae stock on the open market?????????????? never had an answer to this question before.
geako you lyin little fack, ya never read my posts and claim to have me iggied but yet you respond to almost everyone of my posts, tff hahahaha carry on ya slimey mealy mouthed lizard.
cheers furball