By Tiger Group
NEW YORK, Oct. 21, 2021 /PRNewswire/ — Bidding is underway in the timed online auction of more than 300,000 feet of line pipe formerly owned by Fort Morgan, Colorado-based Catamount Oilfield Services, announced Tiger Group and Liquidity Services (NASDAQ: LQDT).
The auction is the latest offering by the two companies, which in 2016 formed a strategic partnership—Tiger Liquidity Services Energy Partners—focused on directly assisting those seeking to sell surplus oil-and-gas assets.
“At a time when oil prices and demand are back on the upswing, this online auction represents a strong opportunity for companies to restock their inventories,” said Chad Farrell, Managing Director, Tiger Commercial & Industrial. “In addition to the strong value inherent to a bankruptcy liquidation, the inventory in this sale has high utility, given the wide array of available sizes and grades.”