Remote, went through a similar unfortunate experience to you. Only that I bought higher and sold higher than you... The $4 target really misled me too (seen the run with Aurora oil)...
I think whatever chances Redfork had to re-finance, and if they hadn't signed already, their chances must have dropped much considerably after the backing up of the WTI price. Although, I still think a deal could somehow still emerge, but possibly at an outcome very unfavorable to the shareholder.
Redfork wont be the only Shale play coming to the debt market now and in the near future after what's happened... the nexus of declining oil prices, declining oil rates and high well drilling capex spell danger for many shale players....
RFE Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
