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vicanuck
Posts: 2371
(@vicanuck)
Trusted Member
Joined: 9 years ago

Holland Redfield suggested on his Facebook page that there are two offers pending on the refinery and one of the bidders is likely ABR.

https://www.facebook.com/holland.redfieldii?fref=nf

Does anyone have any updates or rumors to share on this?

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OldTart
Posts: 6523
(@the-oldtart)
Expert
Joined: 8 years ago

I'm surprised this issue hasn't generated more news.
Thanks

Not sure what you're surprised about. When there's something to report it'll be reported. Just because the Avis reports that, "ABR has partnered with another company and will try again" means precious little. As far as the other two snippets you "heard" the first is incorrect and the second came from the Governor's mouth amongst a veritable string of fantasies he threw out during a national TV interview which were subsequently denied by the other parties involved ...

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vicanuck
Posts: 2371
(@vicanuck)
Trusted Member
Joined: 9 years ago

ABR is smart. By getting the 30th legislature to vote on the operating agreement, they shook all the skeletons out of the closet and got the senators to play out their hand.

Now that ABR knows what the senate's issues are/were, they can easily mitigate them one by one, structuring their next proposal to overcome the previous concerns. It will be hard for the senator's who voted against the previous deal to mount much resistance when their stated objections are overcome.

As far as Mapp is concerned, I don't think he could care less who owns the refinery as long as the government gets the money its owed. Having the refinery operating will allow Mapp to execute on many of his promises and ultimately get reelected.

Brilliant I say.

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CruzanIron
Posts: 2434
(@cruzaniron)
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Joined: 6 years ago

Has anyone heard:
Who has ABR teamed up with?

http://www.jpenergypartners.com/company.php

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vicanuck
Posts: 2371
(@vicanuck)
Trusted Member
Joined: 9 years ago

I was just reading their SEC filings...these guys have access to a lot of cash.

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JohnnyU
Posts: 465
(@JohnnyU)
Advanced Member
Joined: 5 years ago

Where are you seeing that they have access to "A lot of cash"?

They raised $260MM. Don't think they're a real player

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