It's true sometimes selling begets selling , however they have admitted they need to change lenders and that they may breach liquidity covenants . I wonder whether their are market cap covenants etc . TAP should have acted early to improve liquidity , now they are someone's play thing. Could be managed down for a TO , and it's easier to do it now as there isn't much buying interest for oil stocks
TAP Price at posting:
18.0¢ Sentiment: Hold Disclosure: Not Held
