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Rooster Energy PRBEQ

Energy
"Rooster Energy Ltd is an oil and natural gas exploration and production company which is engaged in the acquisition, development, and exploration of petroleum and natural gas and the delivery of well intervention services. It provides plugging and abandonment services in the Gulf of Mexico. The company operates through Oil and natural gas, and Well services segment."


GREY:PRBEQ - Post by User

Rooster Energy > not worth the effort
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Comment by westcoast1000on Mar 17, 2016 5:30pm
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Post# 24672347

RE:RE:RE:RE:RE:RE:RE:RE:not worth the effort

RE:RE:RE:RE:RE:RE:RE:RE:not worth the effortChet Morrison is the creditor for some, maybe most, of Rooster's debt.

It is not surprising that a senior shareholder, on the board, loans money to a small corporation that needs liquidity. I own shares in MLR, which recently got financing from Pala Corp, who owns about 50% of the total shares in that company.

If you see the change in the COQ credit structure as part of a plot for Morrison to take over the assets of the company (which he already owns 80% of) I am not sure how many other conspiracy theorists you will find out there among shareholders or investors.
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