Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

GREY:TVETF - Post Discussion

Traverse Energy Ltd > It's simple

View:

Post by George98 on Nov 27, 2019 10:52am

It's simple

IF they have any dignity, they will sell the company at the cheap, they will pay the debt etc, and distribute what is left to shareholders, themselves included.

I doubt they have, of course.

158

Comment

Comment by ValueCat on Nov 27, 2019 11:24am

"They" is the bank now. Don't see where the "dignity" comes in. The Bank will do what is in the best interest of the bank. Management had their chance to salvage some value and failed.

156

Comment

Comment by Afriedduck on Nov 27, 2019 3:13pm

Yeah shareholders will get nothing, they'll get pennies on the dollar for the assets, AER will be involved to get thier share for reclamation, then the list of debt hodlers will eat the rest.

142

Comment

Traverse Energy Ltd