Replies to post #378 on ATPG Senior 11.875% 2nd Lien Bonds (fka ATPG.GE)

[BuckeyeOil]

I agree in THEORY , BUT in reality, the real value of any O&G is MUCH higher, several times higher, when you have producing wells not unproven reserves. That being the case, it will be much more valuable once next Clipper well has history AND they have chance through BK to deal with ORRI etc....I feel thay are not using BK AT ALL to save the rest of the estate as they have a fiduciary to do....IF bleeding has stopped they need to reject bid and let Mgmt make deals and lots of this goes away...Then assets can be sold over months, piece by piece for far better pricing.....

[stoxjock]

You are probably right. Can't blame CS for the situation. Whoever CS is buying for is getting a good bargain.