Full Disclosure EB - I hold no position in Gastar...and it's highly unlikely I will. I'm here to do a little play by play announcing is all. It seems the market has been in a bit of a malaise as the big election approaches.
Personally I think Gastar is a terrible investment. Daytraders may make a buck or two but thats always laced with far more risk than they'll admit to. Think Russian Roulette. I know this isn't your first rodeo EB and you're well aware of the hype game that always accompanies a bankruptcy.
There have been over 300 O&G bankruptcies since November of 2014. About half of those were publically traded. You can count on one hand how many of those included equity in with the reorg ..and out of those few none (the companies or its shareholders) have done well upon exiting bankruptcy ..which begs the question why should Gastars' outcome be any different?
For me Gastars' ultimate success (for the company and its new or old shareholders) has less to do with how they structure a POR than it does that whatever plan Gastar comes up with it won't change the properties they hold. Oklahoma STACK players need $80 oil minimum to play ball. Gastar may find bankruptcy easier to survive than the task they'll be faced with post emergence.
Best of luck in whatever you decide to do here EB.
Marker:
Gastar Exploration I (GSTCQ)
0.029 down -0.001 (-3.33%)
Volume: 1,112,700
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