Wednesday, May 20, 2015 10:55:36 AM
Is there more info supporting that?
In this link: http://www.redhawkenergycorp.com/drupal/newsroom/story/redhawk-energy-sells-texas-based-business-units-660-million
The Texas holdings are sold for $66M to focus on Louisiana. That reads to me like they're out of Texas. Correct?
And based on the earlier articles, they bought the Texas holdings for $66M.
And Redhawk confirms this on their website. See below.
I'm wondering what else was in it for Redhawk. Buying and selling something for the same price while putting in the work to turn around a company seems odd. Unless they saw something in the future that would restrict growth for the holdings and they cut their losses.
In this link: http://www.redhawkenergycorp.com/drupal/newsroom/story/redhawk-energy-sells-texas-based-business-units-660-million
The Texas holdings are sold for $66M to focus on Louisiana. That reads to me like they're out of Texas. Correct?
And based on the earlier articles, they bought the Texas holdings for $66M.
And Redhawk confirms this on their website. See below.
I'm wondering what else was in it for Redhawk. Buying and selling something for the same price while putting in the work to turn around a company seems odd. Unless they saw something in the future that would restrict growth for the holdings and they cut their losses.
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