Cordes & Company

Regular exams verify energy company collateral

A holding company on Colorado’s Western Slope owned a small oil and gas refinery, a small frac plant and a string of Diamond Shamrock convenience stores.  The company’s lender engaged Cordes & Company to conduct regular quarterly collateral examinations in order to verify the company’s reported accounts receivable, inventory and fixed assets -- which served as collateral for its loans.  This assignment evolved into an ongoing monitoring assignment.

California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
Colorado
5299 DTC Boulevard
Suite 815
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
220 South 6th Street
Suite 2125
Minneapolis, MN 55402
Telephone: 612.455.6027
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