RE:RE:RE:RE:RE:PKI Takes ADVANTAGE Of CHEAP Rates To RE-FINANCE Notes +...Seriously looking back, 2020 was such a tough year on O&G companies that I'm just amazed how Ath managed to keep the $170M in the bank. I thought that was a huge positive that was overlooked in Q4 report...imo
old_dog wrote: I really don't know why you would find it hard to comprehend the CCC rating at the current time. Lets face it last year at this time that crude had not yet hit -37.00 a barrel yet. Also that WTI stayed low for a good portion of the year..under $44.00. As you can imagine this also diminished their profit and ability to generate cash flow. Under the circumstances a CCC while not your ideal situation is a rating I can live with. As long as they are paying the bills and have cash in the bank then it's all good.
long and staying long
old_dog