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<blockquote data-quote="Allen" data-source="post: 296308" data-attributes="member: 389">If you've been watching the energy industry as of late (last year or two).&nbsp; Elliot Management (Paul Singer) has been very active in destroying oil companies that operate in ND. I'm not sure at all how a company like Whiting has been allowed to declare bankruptcy with over 7 billion dollars in assets and less than 4 billion in liabilities where the current shareholders are expected to own a mere 3% of Whiting after it goes through Chapter 11.Someone is getting royally screwed in that whole thing.&nbsp; Whiting's current shareholders should have a near 4 billion dollar stake in Whiting after it goes through Chapter 11. That's what it means to be a shareholder, you own whatever is above and beyond the liabilities of the company.- - - Updated - - -Oh, and while I like Tucker's general philosophy on stuff, he's dumb as a stump.&nbsp; At least O'reilly was a sharp as a tack, even if he liked his loofas (sp).</blockquote>

[QUOTE="Allen, post: 296308, member: 389"] If you've been watching the energy industry as of late (last year or two). Elliot Management (Paul Singer) has been very active in destroying oil companies that operate in ND. I'm not sure at all how a company like Whiting has been allowed to declare bankruptcy with over 7 billion dollars in assets and less than 4 billion in liabilities where the current shareholders are expected to own a mere 3% of Whiting after it goes through Chapter 11. Someone is getting royally screwed in that whole thing. Whiting's current shareholders should have a near 4 billion dollar stake in Whiting after it goes through Chapter 11. That's what it means to be a shareholder, you own whatever is above and beyond the liabilities of the company. [COLOR="silver"][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] Oh, and while I like Tucker's general philosophy on stuff, he's dumb as a stump. At least O'reilly was a sharp as a tack, even if he liked his loofas (sp). [/QUOTE]

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