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Thread: Covid19 Bankruptcy Thread

  1. #501
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    Quote Originally Posted by Rocket1k78 View Post
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    That Aspen place is a typo. Its gotta be 1,749,00.00 and even at that it looks a bit overpriced in this market

    Edit:beat me to it Dis! We've been looking for 2 years and the mistakes in some listings was beyond hilarious lol
    I was almost thinking $1174900 was the real price.

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    Realtor must really wanted a commission pay day
    Sig nuked by mod.

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    Quote Originally Posted by adam c View Post
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    Realtor must really wanted a commission pay day
    Double-meat subs don't pay for themselves.

    Some local ones (https://insolvencyinsider.ca/filing/?fwp_load_more=2):

    Cabot Energy Inc., a Calgary, Alberta-based company in the oil and gas field services industry, filed an NOI on June 30, listing approximately $47.7 million in liabilities. Grant Thornton is the proposal trustee.
    Northern Silica Corporation, a Calgary, Alberta-based company operating an integrated silica mining and transport business, along with several related companies (collectively, the "NSC Companies"), obtained protection under the CCAA on June 30 on application by QMetco Limited and Taurus Resources No. 2. B.V. As of March, the companies have approximately $89.8 million in liabilities and $66.0 million in assets. The NSC Companies' silica mining takes place at mining facilities near BC ("Moberly Plant"), which can produce frac sand, and transport takes place at a facility in Alberta ("Penhold Facility"). Since early 2019, frac sand prices and demand have decreased. In addition to these market-wide issues, because the operations at the Moberly Plant have been uneconomic at this time, operations were shut down in late February. During the CCAA proceedings, the companies will be implementing a court-supervised sale and investment solicitation process. Vitreo Minerals Ltd. will be providing up to $3.0 million in DIP financing. Alvarez & Marsal was appointed monitor. Counsel is McMillan for the company, Cassels for the applicants, and Torys for the monitor.
    Korite International, a Calgary, Alberta-based company that is one of the world's largest commercial producers of ammolite, an opal-like organic gemstone, obtained production under the CCAA on June 30. Two significant events over the last year have led to the company's current financial struggles: unrest in Hong Kong and more recently, the COVID-19 pandemic. A significant amount of sales are generated through trade shows in Hong Kong; however, these have been cancelled since last August due to violent protests and airport closures. The pandemic has resulted in a shut down of retail stores, the cruise industry, tourism and travel markets. In addition, due to their own financial constraints arising from the pandemic, major cruise lines and retailers have stopped paying their suppliers, which are Korite's wholesale customers. In light of the economic impact of the aforementioned factors and the uncertainty as to when circumstances may improve, the company determined that it could not sustain itself and must pursue restructuring alternatives. BDO was appointed monitor. Counsel is Bennett Jones for the company and Burnet, Duckworth & Palmer for the monitor.


    Quote Originally Posted by Buster View Post
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    The benefit of masks is not known at this time. But we do know it is some non-trivial amount more than zero.

    We also know that the cost of mask use is, essentially, zero.

    So the cost:benefit of mask use is approaching infinity. I'll take that every time. And every time I see someone without a mask, I think they are stupid.

  4. #504
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    Quote Originally Posted by Twin_Cam_Turbo View Post
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    I was almost thinking $1174900 was the real price.
    That's gotta be it... Still an odd asking price, but makes more sense than having an extra '1' and the ask being $1.749

    Edit - the listing price has been edited now and shows $1,174,900

  5. #505
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    7-11 by St Francis. Gone.

  6. #506
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    Quote Originally Posted by mr2mike View Post
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    7-11 by St Francis. Gone.
    Probably not covid related. Two near our house shut down last couple of years and changed into independant shops. I think the owners wanted out from under corporates thumbs

  7. #507
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    Quote Originally Posted by mr2mike View Post
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    7-11 by St Francis. Gone.
    I hope they bring back Phillips Ice Cream...

  8. #508
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    Virgin Atlantic :
    Screenshot_20200804-222432.jpg
    Make the world a radder place, grow a mullet.
    Public Mobile is the best, just like Phil Collins haggard face.

    Quote Originally Posted by The_Rural_Juror
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    no one gives maritimers shit for culturally appropriating donairs.

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    Quote Originally Posted by ExtraSlow View Post
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    Does branson still own this?

    This
    In 2019, Virgin Atlantic began to allow its female flight attendants to not wear makeup and have a choice to wear trousers rather than a skirt
    doesnt sound like a Branson move.

    Also they planned for a massive expansion in 2020 - starting to see a continuing trend here. Everyone expected 2020 to be their retail boom year.
    Last edited by nzwasp; 08-04-2020 at 10:35 PM.

  10. #510
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    Virgin Galactic is planning on a mach 3 plane.
    Quote Originally Posted by ExtraSlow View Post
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    What's 2 step?
    Quote Originally Posted by flipstah View Post
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    Sup sugar daddy
    Quote Originally Posted by Buster View Post
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    this.
    Quote Originally Posted by rage2 View Post
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    I'll add it on the list.
    Quote Originally Posted by ThePenIsMightier View Post
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    LoL.

  11. #511
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    Quote Originally Posted by Twin_Cam_Turbo View Post
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    I hope they bring back Phillips Ice Cream...
    What ever happened to them anyway and is Phil still around?

  12. #512
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    Quote Originally Posted by flipstah View Post
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    I'm waiting for CNRL buying everyone.
    @flipstah @killramos and @mr2mike , here's one.
    CNRL buying Painted Pony
    https://financialpost.com/commoditie...-1c3459e513af/

    Double down on gas baby. I miss the days of drilling gas wells. I had some great times.
    Last edited by ExtraSlow; 08-10-2020 at 08:38 AM.
    Make the world a radder place, grow a mullet.
    Public Mobile is the best, just like Phil Collins haggard face.

    Quote Originally Posted by The_Rural_Juror
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    no one gives maritimers shit for culturally appropriating donairs.

  13. #513
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    I noticed the sign was pulled off the Hudson's bar beside MacLeod in Shawnessey last week. Is that a reno, or are they done?

  14. #514
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    Quote Originally Posted by ThePenIsMightier View Post
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    I noticed the sign was pulled off the Hudson's bar beside MacLeod in Shawnessey last week. Is that a reno, or are they done?
    Crowfoot closed permanently in April. Wouldn’t be surprised if Shawnessey is done too.
    Originally posted by SEANBANERJEE
    I have gone above and beyond what I should rightfully have to do to protect my good name

  15. #515
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    Quote Originally Posted by rage2 View Post
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    Crowfoot closed permanently in April. Wouldn’t be surprised if Shawnessey is done too.
    Whaaaaat?!?!?

    A pub with bouncers and line outside isn't surviving tough times.

  16. #516
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    Quote Originally Posted by ExtraSlow View Post
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    @flipstah @killramos and @mr2mike , here's one.
    CNRL buying Painted Pony
    https://financialpost.com/commoditie...-1c3459e513af/

    Double down on gas baby. I miss the days of drilling gas wells. I had some great times.
    I must be getting old. Did not see that one coming.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  17. #517
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    That I don’t get but I don’t know a lot of PaintEd Pony’s assets


    Quote Originally Posted by Buster View Post
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    The benefit of masks is not known at this time. But we do know it is some non-trivial amount more than zero.

    We also know that the cost of mask use is, essentially, zero.

    So the cost:benefit of mask use is approaching infinity. I'll take that every time. And every time I see someone without a mask, I think they are stupid.

  18. #518
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    Quote Originally Posted by flipstah View Post
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    That I don’t get but I don’t know a lot of PaintEd Pony’s assets
    By and large BC Montney gas acreage, kindof like Petronas but a lot smaller.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  19. #519
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    It's just a play on the Montney liquids/gas, Conoco even made a move in this area after almost divesting of their entire non-oil sands Canadian profile. This was even more surprising to me as they seemed to say fuck Canada but there's going to be a lot of good Canadian deals to be had over the next few months.

    https://www.businesswire.com/news/ho...ontney-Acreage

  20. #520
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    If you want Methane, PPY was a great way to get it. Of course, CNQ already has massive gas reserves through the Drayton-Hinton-GP corridor of the deep basin.
    Make the world a radder place, grow a mullet.
    Public Mobile is the best, just like Phil Collins haggard face.

    Quote Originally Posted by The_Rural_Juror
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    no one gives maritimers shit for culturally appropriating donairs.

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