Replies to post #1696 on Energy XXI Ltd fka EXXIQ

[Bermuda Shorts]

OPEC Member: Production Freeze, $50 Oil is Coming
Brian Price | @PriceCNBC

Naimi: The role of OPEC
OPEC member on the output freeze
In spite of recent disagreements between cartel members, Nigerian oil minister Emmanuel Ibe Kachikwu, told CNBC that OPEC will be able to come together in an agreement to freeze oil production as a way to combat low oil prices.

"The Minister for energy in Qatar
and the President of OPEC is leading that pact and there is a lot of conversation going on and there's a lot of consensus building on the issue of the freeze," Kachikwu said in an exclusive interview with CNBC's "Fast Money" on Friday.
"Saudi Arabia and Russia are aligned on the issue of a freeze, so I think the chances are very high," Kachikwu added.

Speculation over OPEC's intentions has been running at a fever pitch, and whipsawed the price of crude. To date, Ali al-Naimi, Saudi Arabia's oil minister, has voiced strong resistance when it comes to a production cut, but has indicated an openness to a freeze.

[DocLevi]

I thought the advantage to being registered in Bermuda was to avoid being forced into Bankruptcy by creditors (like from the 80's - too lazy to look into to it but why else would they not have filed already?).