OTCPK:PDPYF - Post by User
Comment by
Squint1on Aug 12, 2020 4:41pm
129 Views
Post# 31400185
RE:Bankruptcy is a red herring.
RE:Bankruptcy is a red herring.Is the prospect of having the Altagas gas processing agreements unwound a factor here ? Does management have an interest in keeping these agreements intact and Altagas happy ?
___________________________________________________________________________________________________________________________________
roscoe74 wrote: The threat of bankruptcy is a red herring because the assets are worth more than the debt and the courts have the ability to realise value by taking the company apart into its various components, destructuring the processing and transportation agreements and selling off the pieces.
The land value alone is 3 X the debt. That value simply did not disappear due to a RISING gas price.
Ask anyone in the patch, CNQ are revilled for their business practices. This offer is unacceptable.