RE:RE:RE:RE:This will be in bankruptcy protection soon.They do not need to get rid of their debt and have publicly stated they are aiming to get to 1.3x net debt/FFO. This roughly equates to $2.6 billion of debt and at 1.3x , they would have a very strong balance sheet (this is what Suncor currently targets their debt at). To say they are close to bankruptcy when they have good cash flow (which will continue with their hedge program), they have infrasctruture and assets that they could sell, they have liquidity with their bank line of credit (which was renewed) and no significant near term debt is far fetched at the moment and nothing more than fear mongering.
Bonecreek2 wrote: How are they going to get rid of their debt, their market value is nowhere close to this, hopefully you remember Petrobakken/Lightstream!