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PENN OCTANE CP Message Board

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  • rrb1981 rrb1981 May 2, 2004 3:58 PM Flag

    Management

    Management has already "given" itself 50% of the GP. Its very unlikely that new managment will be brought in, instead, when/if they actually spin the MLP off, they will realize they are in over their heads. POCC doesn't have a group smart enough to manage the costs of of having 2 public entities and thus twice the costs of being a public company. Besides, all management is good at is lining their pockets. They are not business builders and having a cheap source of equity via an MLP isn't going to help them because they don't know what to do....they are going nowhere fast.

    • don't like management, eh? hmm i just found this today and looked at it briefly. i am not shure if this is a good company. it seems they have alot of long term debt. thats ok. i am a fan of LPG propane i believe or natural gas is ok too. with prices higher these stocks stand a chance. i think i read that they are the Largest? supplier of northeast mexico. hmm. i could get a few hundred. after seeing the institutions holding this on yahoo finance, i wonder also, tho that is no guarantee.