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Rooster Energy PRBEQ

"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

Comment by Burnermanon Mar 02, 2017 3:01pm
145 Views
Post# 25921751

RE:RE:Sink or Swim?

RE:RE:Sink or Swim?There should be no reason they can't acquire financing. As previously announced they had lowered operating costs and paid down debt. They were almost even at the 3rd quarter announcement and posted news that they could be looking at possible acquisitions. Since 3rd quarter oil is up substantially which alone should push them into the green. They still have the payment or final payment of the decommissioning contract to assist with issues arising regarding past payments due and financing. I personally believe this situation is regarding an absolutely absurd interest rate. That is why I believe they hired an outside company to try to deal with this situation. I just wish they would be a little more transparent and keep us loyal shareholders informed.      JMO and GLTA
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