AZZ antares energy limited
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by-passing section 1031

  1. inform
    77 Posts.
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    30/11/10
    14:38
    Post #: 7545395
    My reply to sushi in a previous post:

    "What should prevent the co (AZZ) from entering into a deal with their term-assignment partner Petrohawk to purchase (swap) some of Petrohawk's acreage to by-pass that section 1031? Petrohawk is getting cash and AZZ gains valueable technical help and all stays in the family since the agreement to be carried for 110 wells is already in place???"

    It would be a brilliant move if allowed by the taxman.

    Please keep in mind I have no knowledge of section 1031
    and this is just an assumption and expresses my thoughts only.

    DYOR
    AZZ Price at posting: 42.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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