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Bullboard - Stock Discussion Forum 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 Discussion

Rooster Energy > Sink or Swim?
View:
Post by Burnerman on Mar 02, 2017 6:18am

Sink or Swim?

They haven't defaulted on the forbearance agreement yet ( 2 days to go ) but at the same time financing has not been secured so the additional interest and fees will have to be paid. If management spent more time trying to make this company profitable instead of trying to find ways to bleed the company dry they might be able to remove the " going concern" line that has plagued us shareholders for a considerable time now.            GLTA
Comment by Goldy63 on Mar 02, 2017 8:20am
This post has been removed in accordance with Community Policy
Comment by Burnerman on Mar 02, 2017 3:01pm
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 ...more  
Comment by radared on Mar 06, 2017 2:28pm
None here went to the fat Tuesdays celebrations?
Comment by radared on Mar 06, 2017 4:33pm
Marti Gras was last week I understand. A six pac some beads and an hour at the harbor master's shack could of been better info than anything gotten over the net.
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