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Allergic2BunnyEars wrote:elec2020 wrote:Redman thanks for that information. I would really like to see more statistics on petrotrin's business operations. Alas everything is kept in secret here. Some things still confuse me. As, if petrptrin was a net earner of foreign exchange why were they in such an impossible foreign debt position. Yes u can argue that ineptitude and corruption were some of the comtributing factors. But why the need for so much foreign funds if u were a net foreign earner. Idk nah. But end of the day. They had to be restructured. I think at least that is not up for debate
Foreign debt position due to bonds taken in 2007 and 2009. One bond in particular had a bullet payment worth the full principle due in 2019 and has since been restructured and attached to Heritage.
Redman wrote:elec2020 wrote:Redman thanks for that information. I would really like to see more statistics on petrotrin's business operations. Alas everything is kept in secret here. Some things still confuse me. As, if petrptrin was a net earner of foreign exchange why were they in such an impossible foreign debt position. Yes u can argue that ineptitude and corruption were some of the comtributing factors. But why the need for so much foreign funds if u were a net foreign earner. Idk nah. But end of the day. They had to be restructured. I think at least that is not up for debate
Most of our oil related biz for the country https://www.energy.gov.tt/publications/
Some of Petrotrins financials
http://trinidadpetroleum.co.tt/investor ... tatements/
To get at the financials to 08 I had to sift through Parliaments website for whatever was submitted.
They took the Petrotrin website down so fast....hmmm
it is a tough assessment to make-IMHO Petrotrin was never allowed to operate as it should have. Petrotrin run properly would have been an asset to keep going.
Petrotrin as it was in 2017 needed to be fixed.
A while back Hassanali gave a business guardian interview where his numbers indicated that they were paying 10-20% over WTI for oil that was trading below WTI.
with the average for the time period being 90 ish-you could see that real money was being made.
The numbers were there- but crickets.
The unions did their part as well.
So from Top to bottom mankind was sucking the co dry.
wing wrote:MOE news conference at 4.30 . Moment of truth, do or die for the OWTU.
I was thinking the opposite, if its a few elements they were waiting on and they got it, then the decision would be quick.Allergic2BunnyEars wrote:wing wrote:MOE news conference at 4.30 . Moment of truth, do or die for the OWTU.
Quick set up of media conference seems like they just going to announce Patriotic was not successful.
wing wrote:OWTU proposal was rejected and government to look at other options.
rebound wrote:I was thinking the opposite, if its a few elements they were waiting on and they got it, then the decision would be quick.Allergic2BunnyEars wrote:wing wrote:MOE news conference at 4.30 . Moment of truth, do or die for the OWTU.
Quick set up of media conference seems like they just going to announce Patriotic was not successful.
K74T wrote:20201031_173242.jpeg
wing wrote:OWTU proposal was rejected and government to look at other options.
gastly369 wrote:*inserts take bull meme
sMASH wrote:wing wrote:OWTU proposal was rejected and government to look at other options.
not sheit... did nat see dat comin'
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