Re: Started playing this for a turn around. Anyone look into it? I have looked into it. I can tell you that its not really cheap. It will get cheaper. $5 Billion debt and look at how their largest bonds are performing
I do know I see their gawdy new campus they built right outside the Woodlands here north of Houston and I am sure that cost them a ton of borrowed money. I think they can survive if crude rises by 2017 to $50+ but I will wait until SWN falls to $2-$3 first. This would not be an extreme unjustified price either.