RE:RE:Ironically, the worse it gets out there the more likely thatWhen commons go to 5 cents to a penny, then I would start to worry about the Preferreds residue value.
Bookvalue probably $16, but that doesn't mean much when debt holder put the squeeze.
I view HSE different, it's 70% owned by a individual/company. More likely HSE would be taken private, in which Preferred get $25. Why let debt holder get the company for pennies on the dollar when that individual/company can take it private.
There's over a billion common shares. There's maybe only 40 million Preferreds in total.. maybe less???
The commons on the other hand...... not sure what they would get if taken private.
Nessrookie78 wrote: Be interesting to see how much of a cut bond holders and prefered take after this
I'm thinking 70% hair cut. But even then you take over a co which huge negative CF problem and no relief in site
Even with zero debt payments and no divy they are negative cash flow. Crazy
A beer is worth more in Calgary than a barrel of oil
I really fell for all the people that are about to hurt. Those not in oil industry will need to help them out