Post by
monzie on Nov 26, 2015 10:43am
pwc update
Looks like they sold Senlac and there will definitely be no money for unsecured or even 2nd lien holders. McKay is still hibernating so who knows if and when they'll be able to sell that.
Comment by
birdie22 on Nov 26, 2015 11:06am
Look at Page 3 item 1.7 it`s done, take the loss. https://www.pwc.com/ca/en/car/stp/assets/stp-051_112515.pdf
Comment by
nikehercules on Nov 27, 2015 1:27am
Senlac is only doing 600 BPD, so I don't think CNQ offered very much in their October 20th proposal. The only good thing I see is that 5 guys at McKay get to keep their jobs. Two shifts of two guys working 12 hour days. I bet they'll be plenty of XBox/NetFlix time for that crew.