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chestercopperpot

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chestercopperpot

Re: Santa Barbara Broker post# 87

Monday, 04/06/2015 6:44:57 PM

Monday, April 06, 2015 6:44:57 PM

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I agree. Will the slashing of the $1.00 annual distribution to .50c strengthen the company? Im concerned about the deal they just did and what it could mean as far as stock dilution. I want to believe you, but they just took out up the ass with this new deal. They are paying a lot of money to their new creditor which could potentially hurt the common shareholder. I know they were in dire straights though, so the sooner the price of oil goes up the better huh?
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