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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 > news
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Comment by Burnermanon Mar 09, 2017 6:45pm
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Post# 25960530

RE:RE:RE:RE:news

RE:RE:RE:RE:newsI simply can't figure out why there is an issue with financing. 3rd quarter at a low point in the barrel price posted a 3.5 mill profit. 3 mil went to the secured bondholders to pay down debt and the balance was for internal. Oil was up for the last quarter plus the balance owed on the decommissioning contract. They have to be in the green unless they gave themselves big Christmas bonuses knowing full well they were going to close shop. That would have been a dirty play and unfair to shareholders. Let's hope this is not the case. They hired a company that specializes in financing. Why is there no update then?  If the plan was to close shop then what was the point in aquiring their services? Thoughts anyone ?
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