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SeaOhToo

08/10/10 4:18 PM

#2261 RE: swanlinbar #2259

Debt financing? Gotta have ability to payback loan! Gotta be cash-flow positive for a few qtrs. Not going to happen anytime soon.
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kajulie

08/10/10 6:02 PM

#2267 RE: swanlinbar #2259

Here's another CURRENT piece of info related to DRLY

“This is kind of the spillover from the drilling moratorium and things going on in the Gulf that are going to be beneficial to Permian Basin,” said Kirk Edwards, board member and immediate past president of the PBPA. “Companies are spending hundreds of millions a month in the Gulf drilling those deep wells. But now those same companies are starting to deploy resources in areas that are persistent and productive, like Permian Basin.”

Excerpt from "BP asset sale is good news for Permian Basin oilmen"
http://www.gosanangelo.com/news/2010/jul/28/bp-asset-sale-good-news-for-permian-oilmen/