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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 > volume
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Post by fagiani24on Mar 24, 2017 11:34am
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Post# 26026057

volume

volumeYep, it's nice to see volume. Hate to always be negative on this one, but I really don't see what all the hype is about. Even if they get financing, what has that accomplished? They are in the same boat they have been in for past 2 years. Large debt, price of oil falling.......id bet anything, first 600,000 shares today we're sold by the penny trader who bought them yesterday. Restructuring financing today will bring them deeper into debt. The only way this one would have flown is if they paid off the debt. if that was happening they would have announced in 3 months ago. Like all of you, I hope.......but hope won't save us.
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