GMX Resource Bonds Up a Lot ($GMXR)
Looks like the market is finally pricing in the decrease in amounts due 2013 and 2015. The note due February 2013 has rallied from the mid-70s to 91. And the last trade on the 2015s was 50, up about 10 points from before the exchange.
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7 comments:
When is the next CHK post?
It's interesting -- at least to me -- how often price action in CHK and UNG is inversely correlated.
CHK? What would you like to see?
Still own the CHKDG. A 6.2% yield with an attractive conversion option.
That's great, nice call. Wish I had spent more time looking at it.
Nice call on these. The recent asset sale helped as well.
Thank you!
Yes, they should be able to pay off the 2013s (with stock and cash), but IMO the equity is still far out of the money.
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