Seeking Alpha

Firing of OGX's CFO may delay debt restructuring talks

  • Eike Batista’s decision to fire the CFO of his embattled OGX Petroleum (OGXPY.PK -6.1%) is expected to heighten tensions with the management team and likely delay the restructuring of $3.6B in debt.
  • Roberto Monteiro, removed Friday from his post, was said to be the main negotiator for OGX in the restructuring talks with creditors holding the company's bonds.
  • Monteiro’s ouster was opposed by OGX CEO Luiz Eduardo Carneiro, the latest split between Batista and the management team at OGX.
  • Update: OGX names Paulo Narcelio Simoes Amaral as its new CFO and investor relations director; Amaral is new to OGX.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|