RE:RE:RE:RE:RE:RE:RE:RE:Value of the ODL Pipeline, as 35% of it is for sale by FEC?Chulo,
There is something like $95mm debt remiaing on the ODL pipeline that de Alba could elect to pay off, as Puerto Bahia shares are pledged for that loan, but ODL owes the debt. I doubt he pays much on the long term FEC/Frontera Guyana notes (bonds), but he could. However, Catalyst raised over $1.5Bil for their Private LP fund V holding considerable amounts of FEC shares and those investors have $uffered a long time and likely would like to see some $$. To pay them, he must also pay us.
Hopefully, IF we are lucky enough to see Frontera Guyana sold soon and for cash, I think it is taxed differently if deemed a dividend vs a distribution. Each persons tax situation would be different based on where you live, income and more. Also, any monies paid out in dividends or distributions would not count towards capital gains IF we are lucky enough to earn a profit on this long frustrating hold time for many assuming all parts are sold for cash and this Saga is evenually over sooner than later.