Jon Cartwright
Jon Cartwright
assets company debt emerging order prior reduce sell
The company has to sell off assets in order to substantially reduce debt prior to emerging from bankruptcy.
bit changed defense free helped pick
We changed up our defense a little bit for this game. We went to a 5-4-1. It helped our defense pick up some free balls.
bankruptcy certainly complex hard prevent situation
Bondholders need more details, but anything that would prevent a bankruptcy certainly would be a positive. It's hard to make this situation more complex than it is.
difficult feeling finance ignore initial known measure offer possible receive
It's difficult to measure this offer as little is known about how the bidder would finance the transaction. While our initial feeling is to ignore the offer, it is academically possible that the bidder could receive funding, making this offer real.
aggressive board drawing hard press release steps toward willing
It's hard to read the press release without drawing conclusions that the board is now willing to take more aggressive steps toward restructuring.
core moving power sell support
They are moving back to their core business, which is power production, and they will try to sell all the support businesses.
bottom buy cash created either energy high huge line position prices stock
The bottom line is the high energy prices have created a huge cash position at many of these energy companies. They can either buy back their stock or do an acquisition and Occidental is doing both.