DD
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More court documents updated. They are starting to flow
Nice grab
Yes. .2 first
Now would be a good time to get entry L2H.
Slapping this idiot of the ask soon
Same games as Monday
Court documents updated! Attorney fees shown. Looking for more action on the court documents site.
GM all. AREXQ
I’m having fun. Oil sector is heating up. Gonna draw some attention here :)
Earnings report confirmed for 6/25 Thursday
Big money taking over here and they are pit bulls.
The whole day has been trickery to load shares. My goodness they want this
Wow what a move there. Trying to spark selling
GM arexq! Good week ahead
Hearing predictions of oil reaching $100 per barrel. Could be a huge rally: https://oilprice.com/Energy/Energy-General/JP-Morgan-Predicts-100-Oil.html
Not out of the realm of possibility that they come back to the table with oil rallying. Or some other stalkinghorse bidder sees the value here...
Well if anybody has some motivation to save the company, I would say it’s the Wilks Brothers. Check out their recent debt equity deal: https://www.honestaustin.com/2020/04/01/firm-indebted-to-wilks-brothers-big-donors-in-texas-politics-declares-bankruptcy/
Glad I have some skin in the game here. Love these plays!
Oh the intrigue:)
They could easily find another acquirer or DIP. The company has stated they are actively involved with Wilks LLC (already significant owners) discussing Debt equity exchange agreements: https://www.businesswire.com/news/home/20190808005932/en/Approach-Resources-Reports-Quarter-2019-Results Wilks LLC is also actively buying up stakes in hard hit oil/gas: https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN21L3DJ
22M settlement agreement is not to be overlooked at this market cap.
Bet against the Wilks Brothers, lol. Not a chance. If they are on board, I am confident in the recovery of AREXQ. Sounds like management shakeout was step one in the restructuring:
https://www.google.com/amp/s/www.dallasnews.com/business/energy/2019/04/11/approach-resources-founder-other-key-execs-resign-from-fort-worth-energy-firm/%3foutputType=amp
The company's largest shareholder -- an investment arm of West Texas billionaires and fracking pioneers Dan and Farris Wilks -- also started pushing Approach Resources last year to expand production through acquisitions or consider other alternatives, such as a debt-to-equity exchange with Wilks Brothers LLC.
GD it. Missed a fill
Nice pickup looks ready
Watching
What we have here is a quality nasdaq stock that got hit up hard when oil prices fell, a $200M deal with billionaire Sam Zell fell through—but with the $22M settlement and their assets (which Sam Zell obviously felt were worthy of a $200M capital infusion) I’d say chances are good they can emerge from bankruptcy through restructuring the balance sheet, as the was the company’s stated purpose for voluntarily filing chapter 11. Something special here.
Dollar and share volume is adding up while we consolidate. Me thinks there are some deep pockets accumulating here.
Could be go time soon. Signals saying yes. We’ll see
They are accumulating
More consolidation below resistance. Very nice. Gearing up
Yup poor choice. Now oil is rallying
He is a very very rich man: https://en.m.wikipedia.org/wiki/Sam_Zell Net worth 5B
Billionaire Sam Zell was ready to inject $200M into AREXQ: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/alpine-energy-jv-backs-out-of-deal-to-buy-bankrupt-approach-resources-8211-wsj-57896361 and now loses his $22M downpayment
Sam Zell*
Alpine was a Sam sell backed venture and called off when oil prices collapsed: https://www.wsj.com/articles/approach-resources-sale-is-off-after-oil-price-collapse-11585866889
Arexq Q1/2020 earning due 6/22: https://www.bloomberg.com/quote/AREXQ:US
I’m seeing earnings due next week not today...