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The Erepla spokesman said the firm’s “ownership includes serious and significant oilfield production capabilities as well as heavy oil refining ability.” Erepla said its minority owner is “an international oil company” that produces over 70,000 barrels per day “in a terrain similar to the Venezuelan fields,” but the spokesman declined to name the owner onyx cufflinks and studs. Sargeant maintained business ties to PDVSA in the early 2000s through a company that he partly owned called Trigeant, whose Corpus Christi, Texas-based refinery processed Venezuelan crude into asphalt, according to court records..
PDVSA won arbitration claims against Trigeant in 2006 and 2008 totaling $52 million for unpaid crude cargoes, and received a $17 million payment, according to court records. Before having paid the full amount, Trigeant sold the refinery to a third party onyx cufflinks and studs. PDVSA won a court order blocking the sale, arguing that it was a fraudulent transfer meant to prevent it from collecting on the arbitration judgment because Sargeant had a controlling stake in the buyer. Trigeant later declared bankruptcy, and an attorney for Sargeant said he “ultimately made PDVSA whole.”..
“Ultimately, Harry III resolved PDVSA’s claims to their satisfaction,” Chris Kise, a partner at Foley & Lardner, said by phone. Maduro, who has deepened Venezuela’s relationships with U.S onyx cufflinks and studs. adversaries like Russia and China, often accuses the United States of plotting to overthrow him and steal the OPEC nation’s oil wealth. The deal has been criticized by hardline Chavez supporters, who say it cedes too much control to a foreign company. “This is the worst giveaway in the history of our country’s oil industry,” former Oil Minister Rafael Ramirez wrote in a blog post on Sunday. “Maduro and Quevedo will have to be held to account for giving away assets belonging to all Venezuelans and ceding our sovereignty over managing our oil.”..
(Reuters) – Activist hedge fund Starboard Value LP on Monday called on Dollar Tree Inc (DLTR.O) to sell its underperforming Family Dollar business and proposed replacing a majority of the board after revealing a stake in the U.S. discount retailer onyx cufflinks and studs. Starboard is seeking to capitalize on criticism from some investors and analysts that Dollar Tree should consider raising prices for some products to more than $1, especially in light of the United States’ trade row with China that threatens to erode its profitability..
Starboard said on Monday it had built a 1.7 percent stake in Dollar Tree, making it the ninth biggest shareholder onyx cufflinks and studs. It said that Family Dollar was now worth far less than the $8.5 billion the discount store operator paid for it in 2015. “We believe Dollar Tree should explore all strategic alternatives for Family Dollar, including a sale of the business,” Starboard Chief Executive Officer Jeffrey Smith said in a letter to the company. “The market is likely only ascribing approximately $1 billion – $3 billion of value to Family Dollar based on the current stock price,” Smith said..