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Toofuzzy

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Toofuzzy

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Re: Twoods731 post# 2525

Thursday, 07/26/2018 6:46:37 AM

Thursday, July 26, 2018 6:46:37 AM

Post# of 2606
They were a very highly leveraged company that paid a high dividend and didn't cut it fast enough when the rent they could get from drilling rigs declined due to oil price drop.

So income couldn't cover debt.

Toofuzzy

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