Escalera Resources Co. (fka ESCRQ)

[betahighlander]

Ash- go through the quartrly financcial and you will see LT debt switches to Short term debt just befor WTI starts to collapse.
As for BK i do not think it makes much differnce, but it might for solvency. I do NOT know the structure of the debt. But to me it looks it is due in the next 6 months. Maybe it is a revolving window and just renews. that would be good.
had the oil not collapsed it would be a great time to refinance.
Now. not so sure. but it might put them in a position to renegiate their debt like SD is doing.
Fingers crossed. i am lurking her and looking for a confirmed reason to buy. I think NatGas is the future