Antares sale postponed

Antares asset sale has been delayed, says the company.

Antares Energy announced that the completion of an asset sale to an unknown buyer has been delayed at the buyer’s request. This is bad news. Oil prices have fallen yet again since the deal was announced so the delay imperils the sale. Without an asset sale, Antares is in trouble.

Its sole source of revenue comes from its stake in Breitburn Energy Partners, which was paying generous dividends that have now stopped as Breitburn struggles for survival.


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