Auction Flauction !Does anyone have an idea as to where this auction will play out ?
I am played out thinking about it.
If the top in line bidders owed around 6 billion were to band together to make a joint bid with proper financing behind their bid, a bid value of 8 to 10 Billion for an asset valued at 10 to 13 billion is very doable. This would keep valuation and interests within the motivated players who have suffered for so long now with the Venezuelan Chavez expropriations.
Would these same bidders offer a better front for the PDVSA Bond issues looking to move in for this asset ???
Still looking to Marco Rubio to do something in the legal sense against Venezuela in general.