Post by
stockfy on Feb 10, 2018 5:16am
GST and NOG: Highly leveraged, Bankruptcy on the horizon
I don't think that GST will survive. GST has one of the highest leverage ratio in the energy sector. Its leverage is above 6 times. Bankruptcy is very likely after some dead cat bounces.
Unfortunately, investors never learn although they have lost their shirt from numerous highly leveraged energy and shipping and mining firms that have filed for bankruptcy lately, so they keep making the same mistake again and again.
Comment by
stockfy on Feb 10, 2018 5:17am
Northern Oil and Gas (NOG) leverage exceeds 5 times, so it will not avoid bankruptcy.
Comment by
stockfy on Feb 12, 2018 4:30pm
it seems some didn't like these facts and gave me 1 star. Facts are facts though.
Comment by
stockfy on Feb 12, 2018 4:31pm
it's also a pity that some shoot the messenger instead of avoiding these highly leveraged plays that quite often file for bankruptcy.
Comment by
stockfy on Feb 13, 2018 12:45am
They continue giving me 1 star. Truth hurts, sorry.
Comment by
stockfy on Feb 13, 2018 10:11am
Instead of wasting your time 1-starring me, do you have any facts to debate with me about GST and its survival?
Comment by
stockfy on Feb 13, 2018 10:12am
Because GST is doomed to die due to its high leverage and this is not going to change no matter how many times you 1-star me.
Comment by
stockfy on Apr 20, 2018 3:54pm
Since my last post here in February, GST has not gone anywhere as forecast. Just a dead cat bounce.
Comment by
stockfy on Apr 20, 2018 3:56pm
I think it's not only the common equity holders who will lose their money with GST but the Preferred holders will incur a hair cut.....Unfortunately, some continue to invest in highly leveraged plays hoping for miracles.