Gastar Exploration Inc. (fka GSTCQ)

[Zardiw]

Ahh...Delisted from NYSE.......I get it now......



z

[Zardiw]

They just went OTCQB on one filing....and now they're in the toilet?...wtf



z

[Zardiw]

Damn. What's a RSA......Restructuring?....So are they going Ch11?......



z

[freddie me]

GSTC common and preferred wiped out in RSA - for all practical purposes

[56Chevy]

Marker:
Gastar Exploration I (GSTC)
$0.055 up 0.002 (3.77%)
Volume: 408,933

*price of WTI crude is $70 @ bbl. which is down 3 or 4 bucks from summer highs. When an oil company can't support their debt structure on $70 oil you know they won't be getting up off the canvas...down for the count. Any bidders for their properties would have to get them at fire sale prices or it just isnt worth buying.

[#1pennytrader]

Great Day here... Hopefully sign of things to come.. Go GSTC

[UP Trend]

This beast quietly moving..

[powerbattles]

GSC/NOW GSTC --- Very Nice Bounce. close watch base on...

Gastar Exploration +11%, says will consider restructuring deal proposals

Aug. 1, 2018 8:08 AM ET|About: Gastar Exploration Inc. (GST)|By: Carl Surran, SA News Editor
Gastar Exploration (NYSEMKT:GST) +11.7% premarket after saying it is considering potential strategic transactions, including financing, sale or merger deals, and is encouraging proposals from existing stakeholders and interested third-parties.

GST said last week that it was considering a restructuring and received a non-binding preliminary term sheet from funds affiliated with Ares Management proposing a potential restructuring through a sale.

[SaltyMutt]

Yesterday, I came pretty close to buying some shares of GSTC in anticipation of a dead cat bounce. Oh well, another day in the Wudda, Cudda, Shudda, Dept.

[madcasper]

thanks traders
took the double
GSTC

[#1pennytrader]

I'm hoping this is something significant.. Go GST

[UP Trend]

Hmmm interesting movement

[56Chevy]

Marker:
Gastar Exploration I (GSTC)
0.027 down -0.028 (-50.91%)
Volume: 16,120,043

*The fire sale is on in a major way today. I hold no shares at this time.

[Stock Steward]

Good afternoon to all on this GSTC board.

Been following Gastar a long time and am waiting on the sidelines for a potential bounce.

The company is very unfriendly to common shareholders. Seems like bankruptcy is imminent.

Find it interesting the company is "shopping" around for interested transactions with third parties of any kind. Leads me to believe they have not found anyone willing yet.

Ares Capital has thrown in the towel on Gastar, largest debt holder and is also a large common shareholder of Gastar. Ares is pretty much in the driver seat with Gastar so if Ares wants a bankruptcy they will likely get it.

The company has ceased drilling and is hoping for a miracle.

Looking forward to seeing what the future holds for this company.

Good luck to all

[#1pennytrader]

Oh yeah... I'm down 2g's. With a smile on my face. Buying more.. This is part of the restructuring process imo... They will right the ship.. Go GST

[56Chevy]

*Monitoring only. I do not hold any class securities for Gastar Exploration Inc.

[56Chevy]

Sep 6, 2018

Gastar Exploration Announces Suspension of Trading on the NYSE American Exchange and Expected Commencement of Over-the-Counter Trading

HOUSTON, Sept. 6, 2018 /PRNewswire/ -- Gastar Exploration Inc. (NYSE American: GST) ("Gastar") today announced that it received notification from the NYSE American LLC ("NYSE") that the NYSE has suspended trading of the Company's common stock on the exchange due to its abnormally low trading price.

[....]

Source:
http://ir.gastar.com/news-releases/news-release-details/gastar-exploration-announces-suspension-trading-nyse-american

Marker:
Gastar Exploration I (GSTC)
$0.043 down -0.047 (-52.22%)
Volume: 3,055,662

*GST is circling the drain