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Bullboard - Stock Discussion Forum Tuscany Energy Ltd TSCAF

Tuscany Energy Ltd is a heavy oil development and production company with reserves, land holdings and production in Canada. Its is engaged in the exploitation of oil resources in Alberta and Saskatchewan through horizontal drilling.

GREY:TSCAF - Post Discussion

Tuscany Energy Ltd > Too old and too much scotch
View:
Post by betsup on Feb 27, 2014 4:32pm

Too old and too much scotch

Great idea. give away 19 million shares. We have lots of cash on hand and lots of cash flow, who needs to sell shares when they can be just given away. The more shares outstanding the more they can announce they are going to buy back. 

20 million shares at ten cents would be two million dollars they could use to drill some of the land that disappeared from Texas and Saskatchewan and Alberta. Shrinkage perhaps with the roll backs and mergers and roll backs. 
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