RE:RE:RE:RE:RE:RE:RE:RE:Overvalued, undervalued, just right?And further answer, if you are comparing then SU, OBE other oil companies are also trading below their previous highs. Su reached $31 and now trading at mere $25 still around 20% down.
Nothingmatters wrote: They are actually 9% percent and i sont think they would get any better deals..given the management's track record.
masfortuna wrote: My guess is that management CAN refinance at any time but are going to try and accumulate as much cash as they can to limit the amount. I don't think rates are going to be any different for them in 3 months so if they are paying 6.25% at the moment (if memory serves me correctly) why would they rush to pay 9%? The sp is irrelevant at the moment to them.