Replies to post #491 on Sabine Oil and Gas Corp fka SOGCQ

[moneym8ker]

Doc...

Corporate finance lending isn't that much different than credit in your own home.

SOGC, all told, has over 2.5 billion in debt.

2014 revs were nearly a half billion according to Hotstocks but was listed as $330 million EBITDA in SOGC's MRQ.

I love their rev numbers. No matter what, while oil was getting crippled in 2014, they managed a revenue growth in the double digits.

Back to finance and finding a lender.

If your household debt is 7 or 8 or 10 times your annual income, and you're unable to show any savings in your account, your credit will be weak.

SOGC has poor credit. Moody's and Standard and Poors both recently downgraded their debt to near junk.

The share price, in my humblest opinion, is reflecting the dire nature of their debt situation and Wall Street is pricing in a dilutive solution

So?

So, my point is this:

Anything better than a worse case solution and this stock pops.

As I wrote earlier, I believed today's lows were great trading entry points and I bought back in. If the current price holds, ill go into the close with 12% gain. Today is my 4th trade with SOGC in the last three weeks.

Hoping one of these trades is pre-not worse case scenario Press Release.