nico_

Recent Oil Spike: 'Irrational Exuberance'?

Good observation, but I think is important to mention that the price of oil is pegged with the dollar. The recent decline in the dollar, has also fuel higher oil prices. If the price of oil was adjusted for the decline in the currency, I wouldnt be surprise to see that the value would adjust close to the $100

Bond Investors to Table LBO-Protection White Paper

To the best of my knowledge, the covenant ("super poison put") would only protect the investor in the case of an unfriendly take over. But almost all takeovers are eventually approved by the board, and end up as friendly.

So even today when large-scale buyouts are common, still the investors are not protected.