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Re: The Rainmaker post# 43952

Thursday, 09/17/2015 11:50:20 AM

Thursday, September 17, 2015 11:50:20 AM

Post# of 49606
REN: This is very important reason why I think the stock price should be higher. Markets are worried the smaller drillers will lose their lines of credit. REN's lines of credit dont renew until 2018 and 2020 by then the whole oil market could look much better. People lumped REN in with the small drillers whose credit lines are expiring this year. THOSE GUYS ARE SCREWED, REN'S GREAT TEAM HAS US COVERED FOR 3-5 MORE YEARS.

We are in the fortunate position of not having to face any impending debt maturities, as our revolving credit line and senior notes mature in 2018 and 2020 respectively, and our senior loan -- second lien term loan matures no later than six months after the maturity of the revolving credit line. We are in compliance with our debt covenants, and forecast sufficient liquidity and cash flow from operations to fund our 2015 capital budget and to reduce debt.

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