Sanchez Energy Corp. (fka SNECQ)

[tdeck]

Well from what I learned 3-4 months back, the whole idea that Moelis had was to cut capex build cash buy out debt at a cut rate price, I doubt pennies on the dollar but the ability to .75 on the dollar would be fine. That's why the building of cash was important, had 300 million or near about end of last Q and just been pumping 77K a day since then, we will see.