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.

7979 E. Tufts Avenue
Suite 820
Denver, CO 80237
Telephone: 303.721.8755
2677 N. Innsbruck Drive
Suite A
New Brighton, MN 55112
Telephone: 612.455.0985
2030 Main Street
Suite 1300
Irvine, CA 92614
Telephone: 949.379.1202