Traverse Energy Ltd TVETF

Energy Oil & Gas E&P

Traverse Energy Ltd is a Canada-based company. The Company is engaged in oil and gas exploration, development and production activities. It conducts its operations in the province of Alberta. The Company’s assets are located in the Carbon, Turin and Greater Coyote areas of Alberta as well as in the Duvernay land base located in the Buffalo Lake, Chigwell and Pigeon Lake areas of Alberta. The Greater Coyote area includes properties in the Chain Lakes, Coyote, Hanna, Michichi, and Watts areas of Alberta.

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Traverse Energy Ltd > So...what happens now?

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Comment by Theconsortmanon Jan 14, 2020 10:57am

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Post# 30550856

RE:So...what happens now?

What do you mean? The receiver will liquidate the assets (which have already been shopped) for whatever they can get. Sometimes the receiver will milk the meagre cash flow for as long as they can. Once the cash flow has been milked the assets will be sold and the debt holders will get first crack at money. Likely they will not be made whole. The equity holders will get whatever remains which is this case is likely zero.

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