October 15, 2012 9:03 PM | 1 min read |
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Equal Energy (NYSE: EQU) is pleased to confirm that the sale of Halkirk/Alliance/Wainwright/Clair Assets ("HAWC") and substantially all remaining Canadian non-producing assets has closed on October 15, 2012. Cash proceeds were $15.4 million compared to $17.4 million pursuant to the Company's press release on October 1, 2012 due to adjustments agreed to by the Company based on final due diligence conducted by the purchaser. Equal will apply the proceeds to reduce the amount drawn on its bank credit facility to approximately $55 million. Equal's bank lenders are currently reviewing the limit on the bank credit facility subsequent to the sale of the Company's Northern Oklahoma assets in September and the Canadian asset sale that closed today.The HAWC disposition is the second step in Equal's ongoing strategic review process. Management and the special committee of the board of directors continue to review opportunities for the Company's remaining assets. The Company's portfolio of assets now consists of the liquids rich natural gas asset in Central Oklahoma, the Cardium light oil play in the Lochend area of Alberta and certain royalty interests in Canada. Adjusting for this sale and
See full press release
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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