Heating Oil Partners Emerges From Bankruptcy

Law360, New York (August 8, 2006, 12:00 AM EDT) -- Eleven months after filing its Chapter 11 plan, Heating Oil Partners L.P. has emerged from bankruptcy with a new name and an optimistic outlook.

A group of private investors led by Longroad Asset Management has bought the company, now known as HOP Energy LLC.

"HOP Energy LLC now has the strongest balance sheet in the industry," crowed Steve Zambito, HOP Energy’s new chairman, and a director at Longroad Asset Management. Zambito wouldn’t discuss moves the company might make to bolster its position in the market, but...
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