What's the likelihood that we'll be declaring bankruptcy in next 6 months? What are your thoughts?
3 replies (most recent on top)
With denbury's debt load, they really can't sell anything. Bondholders and banks won't let them unless the proceeds could cut debt tremendously. They could potentially sell the pipe, but would depend on what a tariff from a 3rd party would do to cashflow.
In 2 years, 50%. Depend on price, more aggressive cost cuts, disposition values of midstream, and non core assets
Next 6 months? Essentially zero.