Quote:
Originally Posted by Tron_fdc
Debt levels at 4 times your stock value? Who signs off on that kind of thing? Is that common?
I don't work O&G (thank god) but that seems insane. Our bank (RBC) would NEVER go along with something like that. Maybe it's time to start looking for a new bank!
|
No one signed off on that, things just change.
The stock was as high as $28 in 2011. Now it is $0.82. When your stock price drops 97%, your ratios usually don't look too good.