What people don't understand which is just crazy. This is a high growth business a high capex business. No one cares about debt, Trump today said he will lower taxes again and the fed will lower rates so right now debt is almost free. what sea needs to repay back debt and be cash-flow positive is good hedges and stronger POO. There 2019 hedges was a masterstroke. Now currently oil is trading at 56.40 if we see $57 we will see $60 and higher so I have NO doubt that we will see 2019 hedges over $60 and higher.
If its anything they should be growing the business faster which = more debt we want growth!
SEA Price at posting:
15.8¢ Sentiment: Buy Disclosure: Held