NYSEAM:GST.P.B - Post by User
Post by
stockfyon Feb 10, 2018 5:16am
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Post# 27537878
GST and NOG: Highly leveraged, Bankruptcy on the horizon
GST and NOG: Highly leveraged, Bankruptcy on the horizonI don't think that GST will survive. GST has one of the highest leverage ratio in the energy sector. Its leverage is above 6 times. Bankruptcy is very likely after some dead cat bounces.
Unfortunately, investors never learn although they have lost their shirt from numerous highly leveraged energy and shipping and mining firms that have filed for bankruptcy lately, so they keep making the same mistake again and again.