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Re: NeumansMom post# 590

Thursday, 03/31/2016 3:41:52 PM

Thursday, March 31, 2016 3:41:52 PM

Post# of 1989
Bought more today on the mid day dip at $2.15. Hope to look back one day and say it was a "great" (as opposed to "good") decision.

A smaller company that uses CO2 for their oil recovery process looks like is going bankrupt. This company had a lot of debt to capital and is really no surprise. Plus they were buying all their CO2 where Denbury owns most of it (Jackson dome). Thank goodness Denbury owns most of their assets.

Long Term Debt:
- Chaparral: $1.75B
- Sandridge: $3+B
- Denbury: <$200M

http://newsok.com/chaparral-energy-officials-expect-to-default-on-debt-consider-bankruptcy/article/5488590
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