PricingValue

'Solo el necio confunde valor y precio' - Quevedo
'Prefiero caminar con una duda que con un mal axioma' - Javier Krahe

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@planetcontagion @FL0WG0D so you are basically doubling down after the early April refi disappointment? @planetcontagion

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@DJoilguy Let me know what you guys think on my updated view on $PROP . You can find it in pdf format in the following link. https://t.co/Q9vz4xllum

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@DeepSailCapital Burford Capital $BUR

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@dgsommersmkts @zerohedge @grok answer this question

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@lundeen_ne thanks for the recommendation! I recently read “Distressed debt analysis”. Which would you pick and why? thanks!

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@SebastianMaril esta corrección podría disminuir el importe de los daños en aprox un 90% $BUR

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@SebastianMaril el tema de los damages en pesos de hace 15 años ha sido un punto muy clave en el que han incidido los jueves con claridad. Seguramente, aunque den la razón a Petersen, acaben corrigiendo la sentencia a pesos de la fecha del breach (lo cual reduce el importe considerablemente)

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@DJoilguy @salmonstockcar @Eddiekovalik Srry, not an English native. I meant that as more prefs are converted into common, there are fewer left to be redeemed by Prop. Can you specify why “banks won’t allow”? Don’t they have ca.$90m undrawn from Reserve Backed facility with Citi? Thx

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@salmonstockcar @DJoilguy @Eddiekovalik and it’s only the beginning…

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@salmonstockcar @DJoilguy @Eddiekovalik This said, I might be wrong, and @Eddiekovalik has everything under control and we'll see good news in the form of an early redemption of this dilutive financing instrument. I'm afraid though, that mgmt has gambled the company in search of growth for growth's sake...

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@salmonstockcar @DJoilguy @Eddiekovalik On the flip side, the conversion is reducing the face value of the Series F Preferred shares, making it easier for $PROP to redeem them by drawing from their existing credit facility. According to my estimates, they could execute the redemption by Jan '26.

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@salmonstockcar @DJoilguy thanks a lot! but what do you think is driving the sell-off? disappointing production figures, overhang putting selling pressure, dilution risk from preferred, mgmt awards...? I would like to understand who's on the other side of the trade and whether they might be right to sell