RE:RE:Payoff debt & Investors will come Re: Debt. There is one thing I hadn't tbought of and that is if they did pay off half of that 8 plus percent debt , one would think with KPIs like the price of oil or net backs are still strong , with 1/4 of there debt paid off in such short order with the ability to pay off the rest in 6 more months if they wanted to. They might RE-FINANCE the 8 plus percent loan to even 4 percent. Still attractive to someone with money as it's secured .
However .........As long as they have a 8 percent loan. They should not be paying us. I know no one wants to hear that. I want to stress that by paying down debt in doing this they will get double or triple the pop when they are debt free. I know it's hard to hang on for that.
How can you pay out any amount of money when you have 8 percent loans. I am hearing some say the dividend could be 8 percent. Just ask your self. ? Would you run your own house like this ?
That being said I added shares at 6.52. Despite what I say , all of this is Just long term business planning . This stock is worth 8.50 on its worst day in this market . It should be trading even with this high 8 percent debt at $ 10.20
Yes $10.20 cents . Imagine what it's worth debt feee and then offering a nice dividend , doesn't matter it will be bought out before then
Life is good folks Life is good !
Craig