Headwaters has begun to feel some of the pain of the End of the Synfuel Era. "We have always known that the transition to a non-Section 29/45K business would be difficult," Steven G. Stewart, Headwaters' CFO, said. "Current high oil prices and the continued slowing of new home and remodeling construction made the transition more difficult than anticipated. However, our balance sheet is strong, and our senior secured debt level was significantly reduced in 2007 through early prepayments and restructuring.
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机译：上游源头已经开始感受到合成燃料时代终结的某些痛苦。上游水务公司首席财务官史蒂文·G·斯图尔特（Steven G. Stewart）表示：“我们一直都知道，向非29 / 45K部门过渡非常困难。 “当前的高油价以及新房和改建工程的持续放缓使过渡过程比预期的更加困难。但是，我们的资产负债状况良好，并且通过提前提前还款和重组，我们的优先担保债务水平在2007年大大降低了。
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