I work here and if you aren't worried you should be. If you think this company is sustainable at this level, and this quarters debt ratio, and these oil prices, and our current stock price, i.e. company value you're totally in denial. If a sizable cut was coming it would of by now. If a buyout was happening it would of already been in the works and it's not, trust me. There is a much greater chance of all out bankruptcy then any restructuring plan. Get what you can now, if you think those of us above you aren't doing the same thing, again denial. Look outside our prism of BS. Google Sandridge and bankruptcy and some of the biggest and most accurate investment houses have written us off as dead, why do you think it is 30 cents!? And don't dare blame the price of oil alone because other companies bigger and smaller are doing just fine. We however are not. We are now borrowing to pay are other lenders, robbing Peter to pay Paul only lasts so long. The only reason we were Blessed to gain this recent round of financing is they are so heavy with our debt already if they said no, they loose all they have in us so far and get a small percentage in return after a likely 2-4 year long bankruptcy proceeding. A too big to fail for some local lending institutions that will go nameless. They would in fact send us into bankruptcy by not giving said loan, or in many cases these extensions and shoot themselves in the foot, or arterial leg at these amounts. Time is not our friend, I assure you I am, so don't say you didn't see this coming because I have just told you.
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That Recon petro company our of Oklahoma city & Calgary, Canada, I leased open hole tools from them & paid them 1 year in advanced, $100,000, the tools didn't work, the logging system is crap, all my customers claimed the logs were junk Then after 3 months Recon Petro wanted their tools back they took them but they never paid me back my money, Andrew & Alex Nygen & the owner Mike Boyle scammed me. beware of these guys
Sad post (er), loser leave.
Sad.
Bottom line - There is no way production revenue will ever be able to pay back debt. All activities the same, I question if production revenue can even service the debt. Something has to give. Many energy companies in the same situation. The crazy money finance schemes have played out. I think you are correct. Lenders can't afford to take the hit and therefore postpone the inevitable.
Same assumptions as every other web site makes, no concrete proof of upcoming layoffs
https://ycharts.com/companies/SD/debt_equity_ratio
The short of it is.... -10. Real bad. Look at the other companies on their if you want to put it in perspective. Chk +1.29....Dvn +0.79
Good God. I hope you aren't sending emails internally with this type of grammar and spelling. Are and our are not the same word. Look up the definition of loose and lose.