CIBC World Markets Inc.?s Andrew Potter is joining other analysts in urging investors to stay clear of debt-ridden OPTI Canada Inc. (OPC-T0.18----%) While the oil company technically has the liquidity to last until the end of this year, it will likely decide on a strategic alternative in the near future - most likely a debt-equity swap that would leave limited or no value for equity holders, he said. ?Our best guesstimate of value to current equity holders would be zero to 30 cents per share.?
nur weil Opti jetzt ne Aufschiebung der Frist erhalten hat? es findet sich seit 4 Monaten keiner der an Opti interessiert ist und wir der Artikel sagt kann sich Opti lediglich noch ein paar Monate halten. Ich bin selber in opti investiert und sehe da zum jetzigen Zeitpunkt kein Licht am Ende des Tunnels!
Opti shares fall to record low after missing payment
DEBT . Opti Canada Inc. shares dropped to a record low on Wednesday as the troubled oilsands producer skipped a scheduled interest payment to conserve cash as it seeks to restructure its crushing debt.
Opti shares fell five cents, or 33 per cent, to 10 cents on the Toronto Stock Exchange after the company said it wouldn't make a $71-million interest payment due on Wednesday. The company's 7.875 per cent senior secured note 68383KAD1 due in December 2014 fell $1.25 to $45.25 to yield 38 per cent, while the 8.25 per cent senior secured note 68383KAB5 also due December 2014 was unchanged at $46 to yield 38 per cent.
The company, which has a 35 per cent stake in Nexen Inc's Long Lake oilsands project in northern Alberta, now has 30 days to make the payment. If it cannot meet the deadline, it risks being forced to seek court protection from its creditors unless it can reach a deal that would offer some relief from the burden of its $3.3-billion debt.
investition. das is ja schon fast kriminell...wie es einer bei stockhouse schrieb. wenn man ne bank überfällt wird man bestraft nur dass wir in diesem fall die bank waren und man opc nicht belangen kann.