Rooster Energy PRBEQ

final capitulation?

[westcoast1000]

A 60 K block went through at 1.5 cents around mid day on March 30. Must be a loss, perhaps a very big loss from the accumulation around 7-9 cents. And this occurs before the year end and 4th quarter results which are still to be released

This might be called a final capitulation before this issue begins to see some buyers. The profit/loss and the drilling update for the last quarter will be crucial.

[fagiani24]

Why wasn't it you buying Westcoast?

[fagiani24]

Hmmmmm pretty quiet around here lol

[Burnerman]

I think we are all just waiting for some positive reinforcement from the company. 

[fagiani24]

Pretty sure next quarter results will come out april 30 or close to that.

[westcoast1000]

I agree, Burner. But things will turn in the oil price sooner or later, and we will hear from the company for the Q4, then year end, and then Q1 2016 in the next two months. Sometimes I wonder why they ignore us. But think of it from their viewpoint. They went public with a company they own over 80% of in order to have access to capital markets when the are able to make some moves and can sell

[Burnerman]

Yes West there is no doubt that oil will recover. It has fallen and recovered several times before. The big question is.... can Rooster stay in business through these tough times to reap the rewards of higher oil prices in the future?  With oil businesses shutting down or going bankrupt the well services side should be booming. We should find out the details when the company updates us in the