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PENN OCTANE CP Message Board

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  • rrb1981 rrb1981 Jul 23, 2005 3:24 PM Flag

    I finally figured out what POCC stands

    Have you actually looked at the fundamentals of the company? Its a piece of trash. No tangible assets, inept management(now gone), no real sustainable business model, a competitor (Valero LP) that is rapidly taking over the LPG to Mexico niche market. Those that were hoping that this would be another ABLE are dreaming.

    The only chance is if someone uses it as a reverse merger or a vehicle to acquire something like Dynegy's NGL assets. A deal that involved a PE firm, buying the Dynegy NGL biz, then dropping it into RVEP for units, and simultaneously buying new equity in Penn Octane, so they gain control of the GP, and then afterwards, pawn off the LP units of RVEP and be left holding the GP. Other than that, its like buying a lottery ticket with really bad odds.

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