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Re: Kush Trader post# 122

Sunday, 10/11/2015 7:02:42 PM

Sunday, October 11, 2015 7:02:42 PM

Post# of 132
PSTR vs REN (It's oil industry comparison)

1)Both PSTR, REN are oil and gas companies.

2)PSTR issued the 10/7 PR because PSTR CAN'T shore up its balance sheet.

3)REN sold one(1) of its asset for $55ML on 10/8 to shore up its balance sheet.

http://finance.yahoo.com/news/resolute-energy-corporation-announces-closing-110000449.html

DENVER, CO--(Marketwired - Oct 8, 2015) - Resolute Energy Corporation ("Resolute" or the "Company") (NYSE: REN) announced today that it has closed the sale of its Hilight Field assets in the Powder River Basin to a private party for a purchase price of $55 million. The transaction has an effective date of July 1, 2015. The net proceeds of the sale have been used to pay down amounts outstanding under the Company's revolving credit facility.


REN is stronger because it reduces leverage and strengthens its balance sheet.
The above is oil and gas industry comparison.