Post by
traderlong2 on Feb 05, 2021 8:02am
Smart Management
I said a year ago I was in this company because I thought the management was sharp
great move on the Debenture
about to remove another 28 million in long term debt add the 50 million off the CL this year
then I think we will see the divy returned to shareholders
The 26 percent insiders also want that divy
we could break 1.50 today imo
we will see
now going to save 4.4 mil interest on the deb
and oil at 56 is an extra 13 mil in cash from the latest presentation
well done
glta
Comment by
Oil2018 on Feb 05, 2021 8:45am
Thanks for the information. How do we pick the option of taking shares? I bought this at 6. Need all the shares I can get to average down
Comment by
traderlong2 on Feb 05, 2021 8:49am
You Just tell your broker you want to convert before march 9th they will trade to shares in your account I say if the sp is above 1.40 100 percent convert you would be crazy not to take the premium Great buy at 60 congrats
Comment by
Primetime1 on Feb 05, 2021 1:28pm
OK so assuming a large number of people do convert, then it will reduce the debt a lot earlier vs. the company waiting 2 years. I think that makes sense. Thanks
Comment by
2020oilgamble on Feb 05, 2021 1:30pm
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Comment by
traderlong2 on Feb 05, 2021 1:38pm
Agree! all to make the company cleaner for a sale ? my guess is we will also get some good news in the next 3 or 4 weeks to make sure I think they would be smart enough to ensure the removal of the debt or thy would not of pulled the trigger so fast glta
Comment by
Backinblack1000 on Feb 05, 2021 2:11pm
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Comment by
2020oilgamble on Feb 05, 2021 2:15pm
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Comment by
Backinblack1000 on Feb 05, 2021 4:36pm
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Comment by
jwrent on Feb 05, 2021 11:21am
I am not so smart, still averaging down...big time. Even Murray can not drag me out from the depths...we will see, hangin in there.