hang on grahod...why insolvent...they have alot of debt but they are not insolvent
they have valuable assets and as of the end of the year they have alot of free cashflow...with commodity prices this is improving by the second.
if they come on and get slaughtered i wil be a buyer on one condition and that is the banks give them an extension..either through asset sale or just because it is the best option for them
OZL Price at posting:
$5.55 Sentiment: None Disclosure: Not Held