Post by
UppersDowners on May 25, 2016 1:12pm
On A Few Green Days
we go nowhere or down so I expect LTS not to meet obligations in June and be broken up. It is not looking good.
Comment by
Roughrider27 on May 25, 2016 1:36pm
Agreed , oils been unleashing last while and this continues to decline . That's why I'm out and waiting
Comment by
oilman53 on May 25, 2016 1:57pm
If I had to guess i would say the management of LTS is busy negotiating themselves some very fat payout packages... Screw the shareholders and the bondholders, they will do what they do best..Make money for themselves!
Comment by
Roughrider27 on May 25, 2016 4:46pm
They're all in bed ( including wilson ) to make huge $$ to next company that buys it for penny on the dollar . IMHO
Comment by
DocMailloux on May 25, 2016 5:05pm
They have enough cash flow in Q2 to cover interest , getting the extra 121 million to cover the credit line shortfall should be feasible in this environment ...
Comment by
oilman53 on May 25, 2016 6:47pm
Current assets for Q1 48 MM currrent liabilities 90 MM add 121 MM for the LOC. FFO negative for Q1 and according to Company negative for first half as well. No cash at all coming in for extra interest payments so no chance of borrowing any more money.
Comment by
DocMailloux on May 25, 2016 7:15pm
Negative based on a 35$ wti avg , please be at least a little transparent
Comment by
oilman53 on May 25, 2016 8:00pm
Not really dude, they use 45 for Q2. Company also carries an abandonment liability of 233 Million buckaroos.
Comment by
DocMailloux on May 25, 2016 8:18pm
Well we're already around 50$ and they assumed exchanged rate at .77 . Again please be transparent they have until mid July to shore up the cash for the shortfall , interest paiement will be taken care off before then . Also wti will probably avg more around 55 wti for Q2 it's marching towards 60$ fast .
Comment by
oilman53 on May 25, 2016 11:53pm
Dr Rock, quit patronizing me, you are the one who is full of shiite..
Comment by
bushhog1 on May 26, 2016 7:42am
Like one Poster said, LTS is hitting an all time low with oil prices going up and also after just making a profit of $0.09 cents per share in Q1 2016. Shares at $0.16 and making a profit of $0.09.....Unbelievable !!
Comment by
oilman53 on May 25, 2016 5:00pm
He was very careful on selecting his board of directors..
Comment by
DocMailloux on May 25, 2016 5:04pm
He was also selling non core assets for around 729 million $ ...
Comment by
DocMailloux on May 25, 2016 5:03pm
I think there working hard to get financing done , and they should be able to do it with crude going to 60$ , there realizing around 40$ Canadian per barrel at 55$ wti If you take into account exchange rate . at 55$ wti LTS is worth 2 billion $ Canadian . now please show me something that brings you some credibility .