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Author: BeginSequence Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25  
Subject: Re: Energy Sector Hot!! Date: 5/15/2001 11:54 PM
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50,

Have you looked at debt structure and whether or not there are preferred stock? I have not done Fundamental analysis. I do see they have negative equity and am surprised that they have a price of $9 considering they have negative equity and large amounts of long term debt outstanding. This means it would be hard for them to grow and expand via debt, unless they want to pay junk bond rates. This may be very volatile so if energy prices head downward nobody would want to hold near bankrupt energy companes. OTOH there is a big payoff if energy price remains high and this comany recovers from small equity base but lots of wells.

I have not checked the balance sheet in detail compared to previous quarters/years. So I don't know if things are improvening/worsening/staying the same.
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