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tdeck

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tdeck

Re: thetuanster post# 335

Monday, 08/12/2019 7:09:58 AM

Monday, August 12, 2019 7:09:58 AM

Post# of 394
Read the PR and filing, not quite game over, hardly.

Sanchez Energy Takes Action to Strengthen Balance Sheet and
Support Long-Term Strategy



Voluntarily Files for Reorganization under Chapter 11



Maintains Substantial Liquidity to Continue Safe Operations in the Normal Course



Receives Commitments for $175 Million in New Financing

Their assets/liabilities are not far off from one another, this is a reorganization, its priced in already. Check the market cap.

Lets see what happens and see what plays out from here, this is not the normal situation.

Peace out.
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