Comment by
SGGold on Mar 09, 2021 4:17pm
I followed the link.... I have no ida what this means?
Comment by
Chris007 on Mar 09, 2021 4:32pm
It means that in the current 60+ WTI price environment, fixed income investors are fairly confident that the debt will be rolled over. 80 cents on the dollar looks a heck of a lot better than 35 or 40 cents, back when oil was sub 50.
Comment by
Maxmoe on Mar 09, 2021 9:29pm
The bonds traded as low as 18 when I was buying stock at 11 a year ago. So they have performed about equal when you add in the 50% coupon rate on the bond. Lord knows I tried to buy bonds but you can't with a discount broker account.
Comment by
senseimike on Mar 09, 2021 4:16pm
hey lovehockey.......I hope they don't negotiate anything until they have 300M in the bank. should take about 8 months as this rate....