Replies to post #212 on Key Energy Services Inc. (KEGX)

[4starman]

Up 20% in pre-market with 4300 shares traded. But...

The big question is will it get over a dollar to keep the dreaded split from happening?

[legalizeMJ]

LINK:6/6/16 8-K:GOOD NEWS.

http://ih.advfn.com/p.php?pid=nmona&article=71665365

On June 6, 2016, the Company and certain of its lenders agreed to amend the Forbearance Agreements to extend the forbearance period thereunder from June 6, 2016 to June 20, 2016. As consideration for the term loan lenders’ forbearance, the Company prepaid $2.5 million in principal and accrued interest under the term loan facility. The Company remains in active discussions with its lenders and noteholders regarding transactions and alternatives designed to reduce its debt and improve its liquidity.

The above 8-k is GOOD, VERY GOOD NEWS.

KEG is alive and well BECAUSE
1)KEG's consolidated cash balance at March 31, 2016 was $155.7 million; additionally, Key had $18.6 million of restricted cash as of March 31, 2016
2)KEG has been through many oil crises.
3)Oil will be ABOVE $50. per barrel soon.

Again, The above 8-k is GOOD, VERY GOOD NEWS.
Go KEG $$$$$$$$$$$$$$$$$