A recent Delaware court decision created a host of uncertainties for special purpose acquisition company sponsors, investors, advisors, and directors. James Hanson, managing director with Opportune Partners LLC, argues why the decision means SPACs should consider some of the strategies employed by master limited partnerships.
In a Q&A for ABF Journal, Gary Pittman outlined the factors that have contributed to a downturn in the oil and gas industry in 2020, how the current environment differs from previous downturns and how the industry will fare into the next year, specifically when it comes to bankruptcy, restructuring and M&A activity.
Following an auction as part of Lilis Energy’s Chapter 11 process, oil and natural gas company Ameredev Texas will acquire substantially all of Lilis Energy’s assets for a $46.6 million cash payment at closing. Opportune is serving as restructuring advisor to Lilis.