Post by
Nothingmatters on Feb 06, 2023 2:46pm
They paid
Only 30 million for the whole year on a debt of about 1.4 billion... you can gauge how dangerous this stock is....
Comment by
Nothingmatters on Feb 07, 2023 11:29am
lol a profit of 11 million on a revenue of 462 million... i personally do not believe in any upside.
Comment by
Insider on Feb 07, 2023 6:38pm
They were expected to break even Q1 2023 but they beat expectations by narrowly reporting profit in Q3 2022. With full utilization of capital and resources, new drilling long term contracts just beginining to kick in, you can expect a sizeable net income for many more years.
Comment by
Nothingmatters on Feb 08, 2023 2:43pm
By what year will they be able to pay off 1.4 billion may in year 2060 or when the company is non existent?
Comment by
Insider on Feb 08, 2023 8:49pm
And why do you think it is necessary to pay off your debt? As long as you are reasonably leveraged you can remain a going concern and continue to profit from operations. Profit from operations translates in to dividends or share buy backs which in turn increases share price. Very few companies have 0 debt on their balance sheets if at all.