Too late to sell. I have to hold my shares to the end. I still don't see how this company is as dead as some say. It still has 440 tanks. Even if they write off all the A/R and have to pay back the LOC, they should still be able to do it with day rates in the $1000 range. This is without additional products. If dayrates are lower, say $500, then they still can generate $80 million a year in revenue. Note that as of September, after paying dividends for a year, they still had no more debt than they did when then were spun out... Just that the debt was to a bank rather than Open Range.
if day rates are lower than $500 or $1000, please letme know.
Stockhouse.com: Taking
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