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Lone Wolf

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Lone Wolf

Re: JefferyScott post# 275

Friday, 03/13/2015 8:47:56 PM

Friday, March 13, 2015 8:47:56 PM

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Ask Mr. Bankruptcy there (who responded to your post) why it wouldn't make sense to buy back those bond at 30-cents on the dollar and relieve the bond holders worry. Then, downgrade operations and sit on the land they own until a prospective buyer in the services industry (HESS - hint, hint) comes along.

Look at their market cap relative to the value of their assets. It's ridiculous. At the end of the day, the outcome will be determined by the skills of the management team.

That's the 'long' of it. Th short of it is that you gotta buy when there's blood in the streets. Be fearless when others are fearful. The fearful missed out on an easy 30% gain this week. Better than those bondholders for sure...lol
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