OSX3 Update

Energy, Event Driven/Special Sit


Please note: this is an UPDATE to the 9/17/2013 presentation: Long OSX3 

Highlights

The presenter reviewed the background of the story behind Eike Batista’s failures with OGX Petroleo & Gas Participacoe and the role of OSX in supporting OGX to-date, and offered a few incremental arguments for his bullish bet on the bonds of the OGX3 FPSO, which have dropped to the mid-to-high 70s (75.75 as of 10/3) due primarily to the uncertainty created by the issues surrounding OGX’s standing as a going concern following its failure to make an interest payment due on a $3.6 billion loan the week of September 30th. “Everything is going awry with OGX; this should be near the max pain point and there is a lot of value here,” said the presenter.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.