new financing, new leftist Gov't..took another trade position under $2 , not hard as thats where its been sitting the last few weeks..new news -glass half empty/glass half full outcome..
Financing - will be paying a higher interest rate 8+ percent but the note redemption date will be extended but it will release GTE from some of the tougher covenents in place with their current notes-more flexibilty - hopefully, now maybe able to REWARD SHAREHOLDERS in some fashion..
NEW LEFTIST GOV"T will be taking power - has made some noises on less support for fossil fuels and more sharing of the wealth with the people of COLUMBIA..new prez is being accused of some VENEZUALIAN leanings which he hotly denies...outcome still to be determined...keeping a keen eye on this evolving political situation and you should too...regards, dwdc