Replies to post #47 on Oil Stock Report

[alfaspider]

is that a cut and paste, or personal opinion/reflection?

today was quite red overall, and with CFW's "bad" news- might have expected major tankage, but held somewhat with 730K volume-

If was heading for BK, suspect that many more would be heading for the door today?

BK could release them from restrictive hedges, but might be more problematic for the banks to collect vs a workout, or refinance?

Have you any insight into new mgmt? looked kind of solid...

[alfaspider]

Assume you have also seen this:

Cano also released Natixis and its affiliates from claims related to the commodity swap transactions, the early termination thereof and Cano's Amended and Restated Credit Agreement. In connection with the termination of the commodity swap transactions, Cano must pay $3.65 million to Natixis.

In addition to being a party to the commodity swap transactions, Natixis is also one of the senior lenders under Cano's Amended and Restated Credit Agreement.

[alfaspider]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66847405

seems to hold .20 on red day?

[alfaspider]

CFW- what do you make of this post on Wahoo board?

"Debt--- then extend it, and pay interest from bank money,... bank interest is so low now. $15M revenue company(OIL) won't fail and banks won't reject loan. Why should they when oil peak is ahead in a few years."

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Bank technically own the company now? Then what are their "costs" ie. interest costs to keep it going?

Why bust up a going operation when it's "costs" are at Fed-"insured" rock bottom levels for the next 2 years.. Unwind some of Johnson's hedges and screw ups, and ......