Tulsa-based Vintage Petroleum Inc., highly leveraged with Argentina assets negatively affected by the country’s economic problems, Tuesday said it is turning down a restructuring offer by 8.9% shareholder BP Capital Energy, which has proposed, among other things, that Vintage sell all of its North American assets and be based only in Latin America.
Tag / Negatively
SubscribeNegatively
Articles from Negatively
CMS: Warmth to Hurt 4Q but 1999 Still a Success
Despite warning investors that warm weather during the fourthquarter could negatively impact earnings by as much as 10cents/share, the CMS has nonetheless deemed 1999 a success. Itsearnings will be released in mid-January, a company spokesman said.
December 22, 1999
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
