Note:
Hornbeck Offshore Services (HOSS) has been covered by me previously, so investors should view this as an update to my earlier articles on the company.
Six weeks ago, I advised investors in Hornbeck Offshore Services to prepare for near-term debt restructuring and suggested taking a speculative long position in the company's shares:
Depending on the ultimate outcome of the ongoing negotiations, the stock could offer substantial upside from current levels, even if the total recovery for equityholders will likely remain in the low- to mid-single percentage range.
Picture: Stacked Hornbeck Offshore Services