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whosegow

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whosegow

Re: None

Wednesday, 01/11/2017 10:37:58 PM

Wednesday, January 11, 2017 10:37:58 PM

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Given the method SEC mandates how Oil developers are valued, unless the E/C can demonstrate why this an unfair methodology, we may be looking at low ball prices which would result in lien holders to unjust enrichment...meaning they'll get paid more than they're owed.

If there is no way around the SEC mandate, my bet is the E/C will look for bidders...if oil tips 60 by mid february, Alvarez will have their hands full trying to swipe the assets for lien holders
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