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16.5¢ sundance energy australia limited

Aussie , are you saying snde gojng to chapter 11

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Mirabiledictu1

1,420 Posts.

257

13/05/20

21:09

Post #: 44605637
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Originally posted by cmonaussie: ↑

How's the news out of CHK.
>$8B impairment on Assets leading to negative Equity on BS of about $4B
Which leads to a Net income Loss of $8.3B or about $850/share
Derivative gains of $900M and CFO of $400M
Withdraws guidance and will not hold conf call to discuss Q1
Notes in 10Q that as of Mar 31 they are in compliance with all covenants (including the 4.25X EBITDAX leverage ratio)

And yet they have circled the wagons and about to file a CH 11 reorganization plan (the is no way out this time IMO).

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Aussie , are you saying snde gojng to chapter 11

SEA Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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