GREY:TRIAF - Post Discussion
Post by
shambano1 on Sep 18, 2012 3:30pm
not happy with new issue
but I guess the company wants a strong cash position going into the fall and winter drilling season, so maybe they are just being cautious. It looks like 2.51 is holding for now and considering their oil focusm virtually zero debt and large land position, I guess I will just hold on for better results in h2-2012 and 2013.
oil price drop today aside, I don't see a major crash in oil prices so the economics are very favourable for continued drilling in 2013.
maybe we'll get an offer at some point which is what I (obviously) was hoping for.
DYODD
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