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Linn Energy, LLC Message Board

harponhanger 1 post  |  Last Activity: Jun 13, 2016 7:28 PM Member since: Feb 27, 2012
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    PV-10

    by malvalueinvestor Jun 5, 2016 9:03 AM
    harponhanger harponhanger Jun 13, 2016 7:28 PM Flag

    Mal -Go to Seeking Alpha .Do a search under MCEP and you will find a recent article by Elephant Analytics.See the comments by Raw Energy. Banks want 50-65% (of PV-10) out on a loan.Actually thing that unit holders could do well in a Ch 11 because they could stretch the banks out to 5-10 yrs at 5%.They would have to have one impaired class vote for the plan.but all the un-secureds could be paid just outside their due date making them an impaired class that would vote for the plan. See 11 USC 1129(b)

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