so again to show the impact of these macro uncerta
Post# of 1037
(Total Views: 168)
Posted On: 08/08/2019 2:08:08 PM
so again to show the impact of these macro uncertanties affecting oil companies i show u the following co hq in houston
which has reduced debt in just one qtr -as of last 10q -from 291M longterm to 231M longterm -
while assets rose to 485M-
though current ratio was still bad-
but their new debt agreement requires they maintain a positive current ratio- something that even walmart hasn't done in the last 2 years- a 2:1 current ratio used to be considered ideal but under the new insane regimen of profit at ALL cost- metrics and quotas set by ivory tower idiots w burned out souls- any current assets exceeding current liabilties is considered a waste of potential investment!
and despite the LLEX improvemnts the pps has tanked in the last year on llex from 5.50 to under 30c today - the chief 2 officers bought stock -see form 4's -for 91-94 cents may 14 and another bought for 59c july 9 - all expecting pps to rise - not fall to less than1/3 the price of may14!
i'm saying this bc bashers like to put all the blame for a pps fall on a company like ZN - while ignoring macros which a company has no control over
https://www.otcmarkets.com/stock/LLEX/overview
which has reduced debt in just one qtr -as of last 10q -from 291M longterm to 231M longterm -
while assets rose to 485M-
though current ratio was still bad-
but their new debt agreement requires they maintain a positive current ratio- something that even walmart hasn't done in the last 2 years- a 2:1 current ratio used to be considered ideal but under the new insane regimen of profit at ALL cost- metrics and quotas set by ivory tower idiots w burned out souls- any current assets exceeding current liabilties is considered a waste of potential investment!
and despite the LLEX improvemnts the pps has tanked in the last year on llex from 5.50 to under 30c today - the chief 2 officers bought stock -see form 4's -for 91-94 cents may 14 and another bought for 59c july 9 - all expecting pps to rise - not fall to less than1/3 the price of may14!
i'm saying this bc bashers like to put all the blame for a pps fall on a company like ZN - while ignoring macros which a company has no control over
https://www.otcmarkets.com/stock/LLEX/overview
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