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Re: Aevine post# 948

Monday, 09/21/2020 8:00:08 PM

Monday, September 21, 2020 8:00:08 PM

Post# of 1583
They are trying to free up cash. Senior notes are bonds and are due to investors ahead of any other payments, from what I understand. They’re moving them to the OTC and will be making interest payments through a trustee. This sounds pretty bad. They must be incredibly over-leveraged. Chesapeake Energy filed bankruptcy at the end of June. So, I suppose it’s cascading over to ET and compounding their problems. I’m guessing the dividend is the next to take a big hit...probably completely. It sounds like it may be time to roll out of this one, but I’m not certain. Why have they kept the dividend so high if they are in trouble?
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