ORIONS Money Stocks

[matt24d]

PACD is in trouble bro. That is the bottom line. With $2.9 billion in debt and no new revenue streams in the near future rates will be sky high for Pacific Drilling. Since they are projected to lose money in 2016, they must re-finance their debt or open up new obligations. This is probably why they want to do a RS. A higher stock price gives them more leverage but I still do not think it matters. I read not to long ago they need around $70 in oil just to break even right now. Right now they have 4 of 7 of their rigs currently in use and those 4 contracts will expire in August 2016. It would not shock me to see this one file BK soon but that is just my opinion.