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Post# of 2020
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CashCowMoo

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CashCowMoo

Re: 1manband post# 1857

Wednesday, 09/04/2019 10:17:22 PM

Wednesday, September 04, 2019 10:17:22 PM

Post# of 2020
Thats what I Was thinking. Titan Energy was left with around $700 million in debt after it restructured in 2016 (as Atlas Resource Partners).

This was more than the PV-10 of its reserves and has resulted in Titan selling assets to pay down its first-lien debt.

Drilling partnership investment has not materialised in recent times, further negatively affecting Titan's results versus its earlier projections.


https://seekingalpha.com/article/4206876-titan-energy-headed-liquidation-second-restructuring


This was from a year ago, and things havent gotten better with the oil price so......

Mmmoooooo

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