Post by
onad77 on Mar 05, 2015 3:12pm
Can someone post the Globe and Mail story.
Can't seem to read it without signing up for a subscription
Comment by
flush777 on Mar 05, 2015 4:50pm
Here is the link. https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20150305/RBSWARCAN
Comment by
teevee on Mar 06, 2015 12:22am
Converting the debentures saves about $10 million/year, or about an extra 2 wells per year. If oil prices don@t get back up over $80.00, when the hedges roll off, ARN will still be in trouble with about $150 million in bank debt....so the next solution is probably to roll the stock back and do a dilutive financing to further reduce debt......