Post by
Rockafellow2 on Feb 21, 2024 10:04pm
Bond collapse after 3PM caused dip ...
I don't think it's related, only 9k shares sold during 1/2 hour to close. Ven is trying to capture Guyana's oil patch which Exnpn wants to drill in for LNG . Russian oil tanker arrives this week after 5 year void. ven is having financial troubles big time ...
Desperators everywhere?
RML will still go up tomorrow on false alarm.
Jmo
Comment by
Amadeus on Feb 22, 2024 7:26am
Thanks Rock.I'm not a lawyer but the report says that the NY court ruled that validity must be determined by local law in the place of issuance. Is that Caracas ? If so, they're probably not going to concede to the opposition who wish to invalidate the bonds. However, is it in Maduro's interest to invalidate them if it prevents the sale of Citgo ? Have I read this correctly ?
Comment by
Rockafellow2 on Feb 22, 2024 9:20am
Amadeus: the NY court is different from the Delaware court, so bond thing has nothing to do with the coming auction- that@s my opinion. Keep cheerful.
Comment by
RIDER1975 on Feb 22, 2024 12:30pm
It may have effect on bid price, chance of later litigatioj, or any claims against the new owner.
Comment by
Hopeful123 on Feb 22, 2024 12:40pm
Citgo makes 2.5 bln a year... Bond is 2 bln...So new owners sb covered...
Comment by
Saskisnow on Feb 22, 2024 10:10pm
RML been very very good to me!