EP Energy Corp. (fka EPEGQ)

[shipwithoutarudder]

Someone picking up a few shares before the close, pretty good move, news might be out pre bell and it'll be to late to pick up cheap shares! On the other hand, they could be even cheaper when the market opens tomorrow, I'll take my chances that the share price will be going onward and upward!

[barnyarddog]

https://cases.primeclerk.com/EPEnergy/Home-DocketInfo

link to follow the court case.

[shipwithoutarudder]

Red light green light indicating a strong buy on the markets, EPEGQ is going to be a fun ride baby! Has anyone ever ridden one of those mechanical bulls, oh ya, that's what it's going to be like!

[marknet]

I guess we know on March 19 or maybe even before if they're going to transfer or wipe out the commons. Somewhere in between maybe we don't make too much. Maybe there's hope here.

[Penny Stocks 2.0]

Waiting on the courts approval to emerge and the fine print to come forward. It's a risk vs reward kinda play...

[marknet]

Not sure what's going on with this ticker. Looks like I took a gamble that could either pay off big or we only recover a small percentage in dollar value for our shares. Looked good at .0188 after hitting .029. Guess I jumped in too fast.

[marknet]

When is the vote? What is supposed to be determined on confirmation day? Saw 2 posts on the board one saying it's Feb. 26 and one saying 28th. Bought some at close yesterday but either looks like could be big gain if they don't wipe out the commons or big loss if they do. Big lotto play and maybe big risk me buying in. .0188s looked good after announcement yesterday with JP Morgan.

[zj3001]

Lol. Your name says it all. Bye bye

[barnyarddog]

...the repo crisis shocked Wall Street when on Sept 16, 2019 it suddenly became apparent that despite $1.3 trillion in "excess" deposits, there was not enough liquidity in the system. A month later we were the first to piece together the puzzle, which confirmed that it was JPMorgan's drain of over $100 billion in repo and money market liquidity that was the precipitating factor for the repo market collapse.....

HISTORICAL CORRELATION ? thanks nice read. Loving that BIG Money!!!

GLTA...


After Breaking The Repo Market, JPMorgan Wants To Start Using The Fed's Discount Window Again
https://www.zerohedge.com/markets/after-breaking-repo-market-jpmorgan-wants-start-using-feds-discount-window-again?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

[halbroke1]

zj3001. .Are u Kidding Me, What Kind of Response is that...A very Good Chance it's Approved !!!, See u at Multi-Multi Dollars..The Market is so Blind on this One, "It's Unbelievable", WOW.

[barnyarddog]

JPMORGAN REQUEST EMERGING FROM BK IMMEDIATELY

GLTA.

[zj3001]

Nothing is approved yet, that is the proposal that is getting voted on.

[halbroke1]

Penny 2.0 they cant Provide any Proof...Thats what u call B*shing 101 with no Proof and No Reason...$$$ EPEGQ WILL EXPLODE, TODAY OR TOMORROW, I CAN WAIT !!!, WATCH THE ONES IN THE KNOW LOAD BIG !!!!

[Penny Stocks 2.0]

Provide the docket where the courts approved this....

[tchalla]

people should know that commons are getting a fraction of .01 and the company is going private. epegq is not a buy.

[tchalla]

removing my posts does not change the facts here. and the stock will not move. lol so, delete this one too. in fact, it's shortable.

[Penny Stocks 2.0]

Provide your proof, I'll wait...Regardless they are emerging. I provided the proof...

[Penny Stocks 2.0]

Please share your proof of the garbage you claim? You're basing it on a supposed phone call, one of the oldest tricks in the book to get cheap shares. I'll wait on more dockets and more company disclosures and play the lotto.

[demonsmith]

I

[jwakstock]

99.9% of the time commons get wiped out. You can bet on the .01%.

[zj3001]

Wish you guys luck. I confirmed with an attorney on the case that reps senior lien holders that we as shareholders are “other equity” and have to split $500,000 of outstanding shares per 4th amended bk filing. The shares are not to be converted.

There are new shares up being issued for private placement for company to go private . We have no voting rights.

That is if the company has the court approve as is

[halbroke1]

EPEGQ $$$ ABOUT TO GET CRAZY !!!!$4 BILLION+ SHOULD PUT US AT $10.00+..

[Penny Stocks 2.0]

Not sure, Billion $ Fund Apollo Management is taking OWNERSHIP with 3 other funds and they just filed a Schedule 13g showing over 800m CLASS A COMMONS.

[iateone2]

very thin to .07

[buxmaker]

The common stock isn't wiped out?

[shipwithoutarudder]

Have a feeling that EPEGQ shares will be flying off the shelf in the very near future!

[iateone2]

Love bk stock already loaded just had to wait for this day.

[Penny Stocks 2.0]

**BREAKING NEWS**DEBTORS/JPMORGAN REQUEST EMERGING FROM BK IMMEDIATELY »»









https://cases.primeclerk.com/EPEnergy/Home-DocketInfo?DocAttribute=4808&DocAttrName=PlanDisclos...

[halbroke1]

EPEGQ $$$ »»BRING ON THE FIREWORKS..THE MARKET IS SLEEPING ON THIS MONSTER!!!, I CAN'T WAIT.

[zj3001]

Confirmation hearing 2/28/2020. Good luck to all

[Penny Stocks 2.0]

Potential to be a monster lotto...definitely emerging

[abazaba375]

What’s up here bro

[Penny Stocks 2.0]

$EPEGQ could run like these »»1.  WAHUQ 10M O/S, FACE VALUE $50, FROM .01 TO 8.90
2.  LEHKQ 12M O/S, FACE VALUE $25, FROM .0001 TO .13
3.  LEHLQ 12M O/S, FACE VALUE $25, FROM .0001 TO .10
4.  LHHMQ 16M O/S, FACE VALUE $25, FROM .0001 TO .13 
5.  LEHNQ 8M O/S, FACE VALUE $25, FROM .0001 TO .16

[zj3001]

Hey BD, got your PM but I have not seen that issue. I use the app from my phone only to access IHub.

[BDEZ]

Or they got your name thru your broker and they gave to mm's and then? not saying that happened but you never know these days.

[halbroke1]

WOW..A LOT OF MINDLESS TRADERS ARE NOT GETTING IT !!!THEY WILL MISS THE MONSTER RUN NEXT 2-3 WEEKS..IT'S THERE IN BLACK AND WHITE, THANKS TO U Penny Stocks 2.0..$$$ EPEGS COMING OUT OF BANKRUPTCY WORTH 7 BILLION..OMG..

[Penny Stocks 2.0]

Judge's approval paves path forward for Houston energy co.'s bankruptcy. Houston-based EP Energy Corp. ... The oil and gas company is expected to emerge from bankruptcy on March 19. The backstop agreement has the company handing out ownership over the company to four lenders, including Apollo Global Management Inc.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.bizjournals.com/houston/news/2019/12/04/judges-approval-paves-path-forward-for-houston.amp.html&ved=2ahUKEwj16YftsePnAhUGCsAKHQQECRkQFjAAegQIBRAC&usg=AOvVaw2fsJVjrChphXqFqgMwl4Pp&cf=1

[Penny Stocks 2.0]

CONFIRMATION DATE FEBRUARY 26TH »» https://cases.primeclerk.com/EPEnergy/Home-DocketInfo?DocAttribute=4808&DocAttrName=PlanDisclos...

[Penny Stocks 2.0]

Read Filing....800m COMMONS ACQUIRED, NEW OWNERSHIP »» https://www.otcmarkets.com/filing/html?id=13917285&guid=jcYCUeox_0FZs3h

[Penny Stocks 2.0]

OTC shows over 1.8m shares legitimately shorted...Yahoo' shows 11m shorted in 2019, 20% of float.

[makinezmoney]

$EPEGQ: I'm not ready to buy ................. YET


But I will.



Just looking into 2 things right now.


Once I figured that out, I'm in.



Waiting for an answer by next week.

[Penny Stocks 2.0]

FACT..800M CLASS A COMMON SHARES Acquired by APOLLO INVESTMENT and 3 other HEDGE FUNDS

[Penny Stocks 2.0]

One morning investors are going to wake up to millions of shares trading pre market...it started today with 60k.

[Penny Stocks 2.0]

$EPEGQ Bankrupt EP Energy Receives Commitment From JPMorgan Chase to Convert DIP Into $629.4M Exit Pact

December 02, 2019, 08:55 AM

Filed Under: Energy

Related: Bankruptcy


EP Energy Corporation, which filed voluntary petitions for Chapter 11 on Oct. 3 in the United States Bankruptcy Court for the Southern District of Texas, has entered into a Senior Secured Superpriority Debtor-In-Possession Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent and the lenders under EP Energy LLC’s prepetition reserve based credit facility.

Under the DIP Credit Agreement and the Order, a portion of the Prepetition RBL Facility was converted into commitments under the DIP Credit Agreement which provides for a $314,710,456 debtor-in-possession senior secured superpriority revolving credit facility, and the loans , and which includes a letter of credit sublimit of $50,000,000.

The Debtors have received an underwritten commitment from the DIP Lenders to convert their DIP Loans and their remaining claims under the Prepetition RBL Facility into a $629,420,912 exit senior secured reserve-based revolving credit facility subject to certain conditions set forth therein, which will be evidenced by a senior secured revolving credit agreement, by and among EP Energy LLC, as borrower, the lenders party thereto from time to time, and JPMorgan Chase Bank, N.A., as administrative agent.

EP Energy LLC will use the proceeds of the DIP Facility for, among other things, (i) the acquisition, development and exploration of oil and gas properties, for working capital and general corporate purposes, (ii) the payment of professional fees as provided for in the Order, (iii) the payment of expenses incurred in the administration of the Chapter 11 Cases or as permitted by the certain orders and (iv) payments due thereunder or under the Order.

The maturity date of the DIP Facility is the earlier of (a) November 25, 2020, (b) the effective date of an “Acceptable Plan of Reorganization” (as defined in the DIP Credit Agreement), (c) the closing of a sale of substantially all of the equity or assets of EP Energy LLC (unless consummated to an Acceptable Plan of Reorganization), or (d) the termination of the DIP Facility during the continuation of an event of default.

The DIP Loans will bear interest at a rate per annum equal to (i) adjusted LIBOR plus an applicable margin of 3.50% or (ii) an alternative base rate plus an applicable margin of 2.50%, in each case, as selected by EP Energy LLC. Any undrawn delayed draw term loans will be subject to an undrawn fee at a rate per annum equal to 0.50%.

The DIP Facility is secured by a senior secured superpriority perfected security interest on substantially all assets of EP Energy LLC and any subsidiary guarantors. The security interests and liens

[zj3001]

I got a weird email from an attorney about this case a while back and a moment ago. Not sure how they got my info unless iHub was hacked.

They are trying to scare me into selling and said I better do it now because I’m going to get nothing.

There is something odd going on here. Weird emails, filings, price action...think something is cooking here.

[Penny Stocks 2.0]

$4m market cap vs. Billions Assets/Sales

[iateone2]

You can say that again. People just don't read or don't understand what they are reading.

[zj3001]

I would agree with that

[Penny Stocks 2.0]

Everyone fears a BK stock, so most don't read the filings and see what's in store.

They end up chasing later...paying a huge premium.

[MJAM2020]

either way looks like nothing other than a volume jolt will get any attention to this one..the market doesn't seem to think there is much to be had here.


imho
mj