hilcorp martini for me pleaseyet more detail from saf's...

hilcorp martini for me please

yet more detail from saf's research..

if anyone is still doubting what hilcorp is raising capital for, its been announced by them what its for.....

S&P rates Hilcorp?s debt as BB & confirms that the bonds will be used to fund recent & pending acquisitions as expected.

?-S&P rates Hilcorp Energy I LP new notes 'BB-'
(The following statement was released by the rating agency)

Feb 3 - Standard & Poor's Ratings Services said today that it assigned its issue-level and recovery ratings to Hilcorp Energy I L.P.'s proposed $300 million senior notes due 2020.
The issue-level rating is 'BB-' (the same as the corporate credit rating). At the same time, we assigned a recovery rating of '3', indicating our expectation of meaningful (50%-70%) recovery in the event of a payment default.
"Our recovery analysis incorporates Hilcorp's plans to use the proceeds from the proposed notes offering to, among other things, repay outstanding balances under its revolving credit facility and fund recent and pending acquisitions," said Standard & Poor's credit analyst Patrick Lee.

Houston-based Hilcorp is a private partnership that acquires, develops, and produces crude oil and natural gas. Our corporate credit rating on Hilcorp is 'BB-', and the outlook is stable. (For the corporate credit rating rationale, see the research update on Hilcorp published Sept. 16, 2009.) RELATED RESEARCH -- "Volumetric Production Payments (VPPs) For U.S. Oil And Gas Exploration And Production Companies," Jan. 30, 2009 RATINGS LIST Hilcorp Energy I L.P. Corporate Credit Rating BB-/Stable/-- New Rating Hilcorp Energy I L.P. Proposed $300 mil. senior notes due 2020 BB- Recovery Rating 3 Primary Credit Analyst: Patrick Y Lee, New York 212-438-4682?

https://research.tdwaterhouse.ca/research/public/Markets/CommoditiesNews?documentKey=