GREY:QEXXF - Post by User
Comment by
ratpoysenon Oct 21, 2015 2:11pm
129 Views
Post# 24212695
RE:Hit the Bid.
RE:Hit the Bid.Does anybody know how much QXP is actually producing? The latest presentations show production graphs, but they are all 7-8 months out of date. Makes me wonder if production has been declining since March 1, 2015, and whether they might be trying to hide something...
They are projecting huge increases by year end 2015 and 2016, but only quoting 1371 boe/d for "year to date". Is "year to date" only based on January and February production, or is this a real "year to date" number?
I haven't seen any drilling announced, so I also wonder how they hope to increase production by 220% by year end 2015 - two months away?
I expect the next quarterly report (Sept 30) might shed some light, but their reporting often seems to be pretty difficult to unravel.
Some of my wife's family bought into this on an impulse, which is never a good practice. So far the stock has gone down considerably, volume is marginal, and the future ain't looking bright.