Rex Energy loses 54 million dollars in 2q 2016.

 

LOSS FROM OPERATIONS

(35,882

)

(138,733

)

(68,357

)

(158,661

)

OTHER EXPENSE

Interest Expense

(11,439

)

(12,181

)

(24,469

)

(24,193

)

Gain (Loss) on Derivatives, Net

(29,169

)

(281

)

(25,120

)

16,838

Other Income

12

61

12

92

Debt Exchange Expense

(533

)

--

(9,014

)

--

Gain on Extinguishment of Debt

23,707

--

23,707

--

Loss on Equity Method Investments

--

(208

)

--

(411

)

TOTAL OTHER EXPENSE

(17,422

)

(12,609

)

(34,884

)

(7,674

)

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAX

(53,304

)

(151,342

)

(103,241

)

(166,33

 

https://www.twst.com/update/rex-energy-corporation-rex-energy-reports-second-quarter-operational-and-financial-results/

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They actually lost less than they were supposed to ironically. lol. Their stock was at the same place in 2009 though. Maybe they have some way of finagling this to stay afloat. Or a lot of Joint ventures. I guess we'll see what happens.

wonder if Charles Randolph is a millionaire  from REX great stock prices yet

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