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BOK Financial Corporation Message Board

  • silverplatnum1 silverplatnum1 Jul 21, 2008 6:58 PM Flag

    This going to get interesting!!!!!!!!!!!

    Wonder how much capital will be gone if they have to start writing down SEM loans.

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    • July 22 Press Release indicates exposure to SemGroup LP was $147MM - so that's the maximum potential loss in captal (obviously does not include the multiplier effect). "...BOKF currently expects to recognize pre-tax charges of $71MM
      related to SemGroup for the 2nd Q2008 in addition to $16MM pre-tax charges recognized in the initial earnings release on July 15, 2008. The total pre-tax charges are based on an assessment of a range of values using information currently available, including information provided by a nationally
      recognized financial advisor to SemGroup. The range considers both the value of
      SemGroup as a going concern and its liquidation value."

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