If you review their financials (taking into consideration the recent cash from asset sales and cashing of option hedges) you will see that they should have more than enough to make this interest payment. There is a 30 day grace period on this payment and it appears they are using that to explore either strategic alternatives or try to use the recent downtrend in the sector to leverage a rework of this debt. Either way I think it could see a bounce from this level.
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