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Calmena Energy Services Inc. T.CEZ


Primary Symbol: BLKWF

Energy Oil & Gas Equipment & Services
"Calmena Energy Services Inc is an energy services company that provides well construction services utilized in the exploration and development of oil and gas reserves."


GREY:BLKWF - Post by User

Calmena Energy Services Inc. > Not looking good.
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Comment by jts115on Oct 14, 2014 10:48am
103 Views
Post# 23025702

RE:RE:RE:Not looking good.

RE:RE:RE:Not looking good.I THINK there will be. I doubt it will come to Bankruptcy... When I run the asset values I never get anything below 40mn dollars,

Even assuming pessimistic liquidaiton:

Brazil=14
the Heli Portable is worth 10
the other brazil rigs are worth 1 a piece

US=19
38 Drilling Kits at 500K each

Mexico=18
3 Triples at 4 a piece12
3 singles at 2 a piece=6

that's 51 or about 21 net of debt/7 cents

I don't know what is happening with the company, though I am not from Calgary, and I don't have access to the sort of "Street" information (ie. saying you heard someone is buying) that you guys claim to have.





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