Caza Oil and Gas Inc. (fka CAZFF)

[ForReal]

The infusion of cash to pay off creditors. About 97% of the stock is now held by the company that paid $46 million to bail them out. A couple of positives there. Seems they have oil, decent revenue to stay afloat, now that the debt is paid off and the monthly interest is not dragging them down. And as part of the deal, the former debt holder also had to relinquish all rights to some of the working wells, which should also increase revenue.

Again, those distressed oil producers that can survive this drop in oil prices might be worth buying cheap right now. IMO.

Also liking SDLP, another that you are aware of. Especially with the dividend payout, although most recently reduced, still a nice DIVI (51%).