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Re: Did Exon Ink A deal for the Hovensa plant?

St X
July 14, 2014 11:18AM

Registered: 7 years ago
Posts: 133

"MissMouthpiece" chimed in with 5 very pertinent questions.

Re: Did Exon Ink A deal for the Hovensa plant?

janeinstx
July 14, 2014 11:47AM

Registered: 6 years ago
Posts: 656

We should make a list of all the rumors. It will be interesting on Jan 1 to see if any of them were in the neighborhood of the truth.

Re: Did Exon Ink A deal for the Hovensa plant?

caribstx
July 14, 2014 12:48PM

Registered: 4 years ago
Posts: 504

Sorry, I didn't ask those questions. They'll be here at the end of the month. I'll ask then.

Re: Did Exon Ink A deal for the Hovensa plant?
avatar

CruzanIron
July 14, 2014 01:25PM

Registered: 5 years ago
Posts: 2,401

'They' whom will be here at the end of the month?

Re: Did Exon Ink A deal for the Hovensa plant?

LiquidFluoride
July 25, 2014 11:42AM

Registered: 5 years ago
Posts: 1,940

FYI:

Houses in the ~1mil range are apparently selling fast... we met a couple that looked at 5 places over the last 2 weeks and every single one went under contract, they dropped an offer on the next place they were looking at almost right away.


This corroborates with the "management buying houses" info I heard earlier this summer.

houses out west are selling too... Wingspread sold and a few other properties near it.

Re: Did Exon Ink A deal for the Hovensa plant?
avatar

CruzanIron
July 25, 2014 11:54AM

Registered: 5 years ago
Posts: 2,401

So who is buying the houses? Management of what company?

If you could identify 1 or 2 house numbers it's real easy to check the records to see who bought them. Please ask your friend for that information and let me know. I'll find out for you. Let's work with facts and not rumors or false suppositions.

Re: Did Exon Ink A deal for the Hovensa plant?

LiquidFluoride
July 27, 2014 01:22AM

Registered: 5 years ago
Posts: 1,940

Quote
CruzanIron
So who is buying the houses? Management of what company?

If you could identify 1 or 2 house numbers it's real easy to check the records to see who bought them. Please ask your friend for that information and let me know. I'll find out for you. Let's work with facts and not rumors or false suppositions.

16 & 17 Carlton for sure, I'll have to get other addresses.

Re: Did Exon Ink A deal for the Hovensa plant?

gonetropo
July 27, 2014 07:50AM

Registered: 7 years ago
Posts: 427

Quote
LiquidFluoride
FYI:

Houses in the ~1mil range are apparently selling fast... we met a couple that looked at 5 places over the last 2 weeks and every single one went under contract, they dropped an offer on the next place they were looking at almost right away.


This corroborates with the "management buying houses" info I heard earlier this summer.

houses out west are selling too... Wingspread sold and a few other properties near it.

I really don't know where you are obtaining your information that sales of houses in the 1Mil range are selling fast! We have a home on the market in that range and have been charting the MLS for 6 months. In the past 4 months, 2 houses in the $700-$1M range have gone under contract...one is pending now. All of the other homes listed are the same ones that have been listed for months.

We have not had a showing in nearly a month but prior to that, quite a number of showings. Not only did the perspective purchasers not purchase our home, they did not purchase any other homes either, according to the MLS.

Re: Did Exon Ink A deal for the Hovensa plant?
avatar

CruzanIron
July 27, 2014 08:28AM

Registered: 5 years ago
Posts: 2,401

Hovensa also has executive houses (6 of them in Figtree, I think) that would be used. It doesn't make a lot of sense for someone to buy a million dollar house when there is one available for free for them to use.

Re: Did Exon Ink A deal for the Hovensa plant?

Rowdy802
July 28, 2014 11:58AM

Registered: 6 years ago
Posts: 508

"....As for Hovensa, Jesus Luongo, refining director at PDVSA, said PDVSA expects to receive this month the first proposals from companies interested in buying 50% of the participation of that 350,000 b/d facility in St. Croix, Virgin Islands. When Hovensa closed in 2012, 50:50 partners PDVSA and Hess said it had accumulated losses of $1.3 billion..."

Source: Platts Commodity News | Friday, July 25, 2014
Title: PDVSA to restructure foreign business

It is still in the process of receiving proposals...

Re: Did Exon Ink A deal for the Hovensa plant?

LiquidFluoride
July 28, 2014 01:36PM

Registered: 5 years ago
Posts: 1,940

Quote
gonetropo
We have not had a showing in nearly a month but prior to that, quite a number of showings. Not only did the perspective purchasers not purchase our home, they did not purchase any other homes either, according to the MLS.

I live west, closer to Hess than you east guys (I assume thats what you speak of) good luck out there in the desert, WEST IS BEST!!!

(seriously though, I don't know anything about east, this is all west info for the most part)

just passing on what I heard,, it doesnt seem overly substantiated, i found it interesting htough.



Edited 1 time(s). Last edit at 07/28/2014 01:37PM by LiquidFluoride.

Re: Did Exon Ink A deal for the Hovensa plant?

Alana33
July 28, 2014 02:18PM

Registered: 6 years ago
Posts: 12,054

19 residential properties have closed according to mls, ranging in price between $74k to $1.6m for a 4x4.5 beachfront home on 4.33 acres in stx since January to date.

During that same period,11 properties sold in stt ranging from 34k to 1.5m for a 4x4.5 home on .75 acre in Peterborg. Actually, there 2 homes that sold for that $1.5 price. The other was in Nazareth on east end. Did not check condo sales for either island. This is according to mls stats. There are other sales between private sellers/buyers that would not show on mls.

Currently there are 277 residential properties for sale on stx and 196 on stt listed on mls.

Stx prices are generally lower than stt/stj as well as water island.



Edited 1 time(s). Last edit at 07/28/2014 02:22PM by Alana33.

Re: Did Exon Ink A deal for the Hovensa plant?

Rowdy802
August 08, 2014 09:58AM

Registered: 6 years ago
Posts: 508

This development has the potential to increase or, at the same time, reduce the chances of a Hovensa sale... As I've previously mentioned, Hovensa was heavily modified to process sour crude from Venezuela... so keep that in mind when reading the article...

Click on... [www.reuters.com]

Re: Did Exon Ink A deal for the Hovensa plant?
avatar

CruzanIron
August 08, 2014 10:30AM

Registered: 5 years ago
Posts: 2,401

Thanks for posting that,Rowdy.

I had to laugh when I read the line about not needing to raise cash.
They just can't face the truth that they are broker than broke and
that socialism does not work when everyone else's money runs out.

Re: Did Exon Ink A deal for the Hovensa plant?

Rowdy802
August 08, 2014 11:14AM

Registered: 6 years ago
Posts: 508

Quote
CruzanIron
Thanks for posting that,Rowdy.

10-4
happy

Oh yes... for sure... No cash flow problem... They are selling them because they have nothing better to do... LOL

The problem is that there are plenty of refineries for sale... and with those, there is a lot more... We are at the markets mercy, which is absolutely unmerciful... I am trying hard to remain optimistic while taking into consideration the reality of it all...

Re: Did Exon Ink A deal for the Hovensa plant?

Rowdy802
August 09, 2014 12:42PM

Registered: 6 years ago
Posts: 508

Another version of the same cr@p...

clickety clack... [elpais.com]

Holly-Frontier may consider Citgo sites... Not Hovensa though...

Click on... [www.reuters.com]



Edited 1 time(s). Last edit at 08/09/2014 12:48PM by Rowdy802.

Re: Did Exon Ink A deal for the Hovensa plant?

Jamison
August 14, 2014 11:51AM

Registered: 6 years ago
Posts: 1,037

There are 3 serious bids on it, but it needs approval from Homeland Security and a few other groups. One of the groups is a Chinese company, who wants to bring in 100% of their own work force. I think we can all imagine how well that would go over.

Re: Did Exon Ink A deal for the Hovensa plant?

sunshinefun
August 15, 2014 08:28AM

Registered: 6 years ago
Posts: 682

Maybe then we can finally get some decent Chinese food on St. Croix.

Re: Did Exon Ink A deal for the Hovensa plant?

margaritagirl
August 15, 2014 08:42AM

Registered: 10 years ago
Posts: 539

I agree sunshinefun. I can't find good chinese food here.

Re: Did Exon Ink A deal for the Hovensa plant?

Bassman
August 15, 2014 09:14AM

Registered: 13 years ago
Posts: 206

The only BAD food I ever had on STX was at the Chinese place across from Pueblo in Golden Rock.

Re: Did Exon Ink A deal for the Hovensa plant?

LiquidFluoride
August 15, 2014 02:19PM

Registered: 5 years ago
Posts: 1,940

Quote
margaritagirl
I agree sunshinefun. I can't find good chinese food here.

Beijing in Scion farm and "china asia" (or something WAYYYY generic sounding) in golden rock are both excellent Chinese food IMO.

Re: Did Exon Ink A deal for the Hovensa plant?
avatar

CruzanIron
August 15, 2014 02:48PM

Registered: 5 years ago
Posts: 2,401

Fung Kong in Golden Rock has the best dumplings.

And now back to our regularly scheduled topic...

Re: Did Exon Ink A deal for the Hovensa plant?

janeinstx
August 15, 2014 06:37PM

Registered: 6 years ago
Posts: 656

4th extension expires today

Re: Did Exon Ink A deal for the Hovensa plant?

Rowdy802
August 15, 2014 07:45PM

Registered: 6 years ago
Posts: 508

Quote
janeinstx
4th extension expires today

Do you mean the Fourth Amendment (of the Hovensa agreement)? If so I thought it wasn't ratified and gone into effects sometime around October last year... 14 months means it would expire this December...

Or am I misunderstanding your post? or wrong, which I could be very well be, about the amendment? Or, wrong on both counts?



Edited 1 time(s). Last edit at 08/15/2014 07:46PM by Rowdy802.

Re: Did Exon Ink A deal for the Hovensa plant?

singlefin
August 15, 2014 11:03PM

Registered: 4 years ago
Posts: 728

Jamison,
You mention one is a Chinese company.
Do you know who the other two are?

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