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If ENT sold all their Oil/NG to semgroup prior to July 1st, they would get only 14c to the dollar or about $1.25m but if a portion of their sale was between July 1st and July 22nd which I would have expected, then the portion of their receivables between July 1st and 22nd would get 100% of the money. We will only know when they report their numbers but assuming a linear timing of their receivables, we could expect at least 30% to be in the latter range or about $3m and the rest at 14c or about $0.8m, so a probable number could be in the range of $3.5m to $4.0m. this would be a nice surprise as all of it has been written off already.
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hoopheaven2... |
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16-Sep-09 03:52 pm | ||
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Thank You for posting, we do not know yet how much...
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allan74z | (1 Rating) | 17-Sep-09 05:18 pm | ||
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By the way is a perfect world, I would expect...
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allan74z |
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18-Sep-09 12:19 pm | ||
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2 pieces of news, the saga is not over b...
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allan74z | (2 Ratings) | 24-Sep-09 12:38 pm | ||
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Volume up today and price holding u...
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wgitchell1 | (1 Rating) | 24-Sep-09 05:40 pm | ||
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A latest article speaks about a 40%...
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allan74z | (2 Ratings) | 5-Oct-09 07:32 pm | ||
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I hope ENT uses this money to ...
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rjwbia | (1 Rating) | 6-Oct-09 09:57 am | ||
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I also hope they do and c...
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allan74z |
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6-Oct-09 11:31 am | ||
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Re: SEM group settlement
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allan74z | (1 Rating) | 3-Nov-09 04:42 pm | ||
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Update....this is becoming bigger than the trial o...
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greenwavesd | (1 Rating) | 26-Oct-09 10:27 pm | ||
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They are are going to pay producers $320 mill...
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rjwbia | (1 Rating) | 27-Oct-09 09:32 am | ||
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$320 should have been $340.
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rjwbia | (1 Rating) | 29-Oct-09 09:34 am |
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