Saturday, March 19, 2016 12:25:55 PM
Question people's...
So back in November, SDOC purchased additional oil assets when oil was trading at the lows.
Can anyone answer the following:
1. If 'cash strapped', why did they pay in cash.
2. Wouldn't insiders see this as fool-hardy if there were ongoing liquidity constraints on the horizon?
3. If such assets were purchased as 'distressed property', what would the current mark-to-market valuation mean to their financials now that oil is trading above $40 pb?
4. With the conversions that have been taking place over the last few months, how much cash would company currently have as a result?
I think the answers to the questions above lends some explanation to that 'whale buy' that printed at the close.
Happy trading people's. Looking like these fellas might be 'the smartest ones in the room'. Time will tell.
So back in November, SDOC purchased additional oil assets when oil was trading at the lows.
Can anyone answer the following:
1. If 'cash strapped', why did they pay in cash.
2. Wouldn't insiders see this as fool-hardy if there were ongoing liquidity constraints on the horizon?
3. If such assets were purchased as 'distressed property', what would the current mark-to-market valuation mean to their financials now that oil is trading above $40 pb?
4. With the conversions that have been taking place over the last few months, how much cash would company currently have as a result?
I think the answers to the questions above lends some explanation to that 'whale buy' that printed at the close.
Happy trading people's. Looking like these fellas might be 'the smartest ones in the room'. Time will tell.
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