Replies to post #6932 on Value Microcaps Junior Energy

[bbotcs]

kip440: ATPG

"The $350 million facility bears interest at a minimum of 8.75%."

What would that come to? About $27M a year in interest? $13M a year now on the $150M. And that is at the MINIMUM interest rate of 8 3/4%. If interest rates were to rise suddenly, they'd have a problem, imo.

[bbotcs]

kipp440: Richard Suttmeier on NYMEX oil: "Nymex Crude--($79.89) Annual and weekly value levels are $77.05 and $72.93 with a daily pivot at $78.95 and semiannual and monthly risky levels at $83.94 and $84.74.As long as Crude oil has weekly closes above my annual pivot at $77.05 the upside is to my semiannual and monthly risky levels at $83.94 and $84.74."

This was from his weekly email. My personal opinion, which is worthless, is that oil prices are up on a techical correction. My bet is that they'll float back down to the low $70's near term.