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PENN OCTANE CP Message Board

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  • rrb1981 rrb1981 Mar 2, 2006 7:50 PM Flag

    question,if pocc is delisted, that mean

    I do not know what TMG's plans are. TMG has some assets that are adjacent to ones that they are buying from RVEP/POCC. Maybe they intend to intend to utilize the storage/pipeline in some other capacity other than LPG. I think that the size of TMG gives them a much better chance of succeeding than POCC did on its own.

    Yes, after POCC pays off its obligations and RVEP pay off its, it will be interesting to see what they intend to do. POCC still has the marketing and trading operations, but I doubt they can produce meaningful and sustainable earnings over any time period. As for RVEP, I thought I remembered them stating they would resume distributions, despite not having any assets other than cash, to me, I take that as liquidation.

 
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