Crusader Energy Group Inc (KRU)

[pennypincher44]

contact a lawyer about KRU

[pennypincher44]

If you owned shares, they owe you

[ralfito]

Anyone know why the stock still trades?
The deal specifies that the common will be canceled.
I dumped at .03.. It will probably go back to .25 now.

[ralfito]

SandRidge to buy Crusader for $230M cash and stock.
http://biz.yahoo.com/ap/090923/us_sandridge_energy_crusader_acquisition.html?.v=1

Please read and comment.

[ralfito]

Whats up with the huge volume spike today?
Anyone know anything?

[dav1234]

i was wondering about that, hadn't seen it trade recently.

i was lucky, made a little here.

dave

[mkinhaw]

CKGRQ pink tomorrow
MK

[dav1234]

oh oh, filed chapter 11 (BK) today. hope no ones holding.

[dav1234]

overall crappy market today, let's see how it does thus afternoon

[investorguy]

I was hoping for a more aggressive bounce but its not really happening so far.

[dav1234]

sold for cost basis yesterday @.21, riding freebies.
i wish i would have set a stop on the freebies,but it should come back unless there is a bk.

dave

[investorguy]

I hope you sold this morning, news out made it drop 25%. Im looking at it as a bounce play, grabbed a few at .16.

Crusader Energy Announces Update on Continued Discussions of Strategic Alternatives
Mar 26, 2009 2:35:00 PM
OKLAHOMA CITY, March 26 /PRNewswire-

FirstCall/ -- Crusader Energy Group Inc. (Amex: KRU) today announced that in connection with the Company's continued evaluation and assessment of financial and strategic alternatives to address its previously announced $5 million borrowing base deficiency under its senior credit facility, the Company elected not to pay the approximately $833,000 first installment on the repayment of the borrowing base deficiency that was due on March 25, 2009. As previously reported the Company had notified the lenders under the senior credit facility that it had elected to repay the borrowing base deficiency through six equal monthly installments, with the first installment due March 25, 2009. The Company's election not to pay the installment due on March 25, 2009 results in an event of default under the Company's senior credit facility, and the administrative agent under the Company's senior credit facility could elect to declare all amounts outstanding under the senior credit facility to be immediately due and payable. In addition, an event of default under the senior credit facility results in an event of default under the Company's second lien credit facility, and the administrative agent under the second lien credit facility (subject to certain intercreditor agreement provisions) could elect to declare all amounts outstanding under the second lien credit facility to be immediately due and payable. If the lenders under either credit facility accelerate such indebtedness, the Company does not have sufficient funds currently available to repay such indebtedness. The Company remains in discussions with the lenders under both its senior credit facility and its second lien credit facility regarding potential solutions to address the borrowing base deficiency and default, as well as with other third parties regarding potential strategic alternatives (which may include restructuring the Company's debt, the sale of some or all of the Company's assets or a merger or other business combination involving the Company). The Company may be required to seek protection under Chapter 11 of the United States Bankruptcy Code if such efforts are not successful or to effect any strategic alternative that it elects to pursue.

[dav1234]

trading @ .27, wish i would have waited(would have more freebees)
anyway up nicely (100% since my buys)

[dav1234]

sold 4750 @.21, took out cost basis, letting 2750 ride.

[dav1234]

looking good today @.20

[dav1234]

link to KRU website
http://www.ir.crusaderenergy.com/phoenix.zhtml?c=99933&p=irol-stockChart

[dav1234]

anyone else see trades @.197 around 4 pm

[dav1234]

hope it bounces soon , bk is possible unless they get creative financing or some white knight.

[mkinhaw]

On watch in case they don t go bk
MK

[dav1234]

in today with 7500 shares under .14

dave

[Wickedrebel]

Crusader Energy Group Inc., a Nevada corporation, has established the date for its next Annual Meeting of Stockholders which will be held on May 14, 2009.

[Wickedrebel]

KeyBanc analyst says, "The Company holds several catalysts to grow production and proved reserves going forward, including: 1) a management team with a proven track record of creating shareholder value, as well as a strong technical team with proven operational success; 2) a multi-year drilling inventory of low risk plays, primarily in the Anadarko Basin; 3) option value in several emerging plays (extensional Barnett, emerging Woodford and Barnett shales in the Delaware Basin, and Bakken play in the Williston Basin), where the Company has had early success. Our RNAV is conservatively estimated at $10.20 per share, as we have risked the 6.0 Tcfe plus of upside potential by 80%, despite early drilling success in most of the Company's plays. Longer term, we believe KRU's exceptional technical team will unlock the upside potential of its asset base; however, given the current commodity pricing and credit environment, and lack of investor interest in the micro-cap E&P sector, we believe for the present a HOLD rating is most appropriate."

Crusader Energy Group Inc. (Crusader), formerly Westside Energy Corporation, is engaged in the exploration, development and acquisition of oil and gas properties, primarily in the Anadarko Basin, Williston Basin, Permian Basin, and Fort Worth Basin in the United States.

[Wickedrebel]

Need Assistants!!!!!

[Wickedrebel]

Hello!