TSXV:CEN.H - Post by User
Comment by
SCORPION17on Jun 07, 2011 6:38pm
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Post# 18683740
RE: Barrel counters are at it again
RE: Barrel counters are at it againResources are great but their production lacks. The wells they drill water out faster than production comes on stream. I'm nt sure we have ever been above 13,000boe. Until the recent wells come on production then the stock will trade sideways. By the time the latest wells come on in late July now we may only be producing 5-6000 offshore. SO in a way I tend to agreee iwth crucible that higher production will lead to a much higher stock price. Once thay have payed off some of their debt a second rig would definately help.