SDOC was only able to make the interest payment because of all the cash they have on hand. Borrowed cash I might add.... Also the expectation is still restructuring within 6 months. BK is not guaranteed...it is most likely though. If oil prices continue recent action, they might be able to renegotiate their debt.... And if that happens, much money will be made by SDOC shareholders
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.