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Bullboard - Stock Discussion Forum 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 Discussion

Rooster Energy > news
View:
Post by fagiani24 on Apr 26, 2017 9:53am

news

Let's be 100% real in our hopes. Oil is at 50 bucks. Nothing has changed financially for this company. If oil was at 75 bucks and had been there for a few months, we could wait eagerly. It's really impossible for the news to impact the SP besides some penny traders taking a chance in the next few days. Along with all of you, I always hope but hope and reality are 2 different worlds.
Comment by Burnerman on Apr 27, 2017 7:17am
In the Nov. 30 / 2016 third quarter report it states that they we able to generate a cash flow of 3.2 million of which 3 million was used to pay down debt. This was done when oil was hovering around $40. The oil price slowly climbed during forth quarter and during the first quarter it succeeded to reach just over $50. Fourth quarter results should produce a positive report with first quarter this ...more  
Rooster Energy
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