One also has to keep in mind that they maxed out their credit and took as much cash as they could at a time the bank was still willing to honor their credit limit. That environment is changing as banks are becoming more weary of their O&G clients and are at much higher risk is losing the money they already loaned O&G companies, so access to additional cash for balance sheet strapped companies is no longer a guarantee. So good move by SD in order to do all they can to survive the depressed market since the principal is not due for years and that they made their interest payments.....most likely with those additional borrowed funds.
I have not looked in detail yet, but did any of their long term debt change in 4th QTR from 3rd?
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