GREY:TVETF - Post by User
Comment by
mike49on Apr 06, 2018 12:57pm
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Post# 27843711
RE:East Duvernay: TVL, Vesta, Artis, RRX, CPG and more
RE:East Duvernay: TVL, Vesta, Artis, RRX, CPG and moreThere won't be a sale or a farm-out if they don't come clean on what happened.
bad ground?
bad frac?
worth another try?
I had my reservations after rrx results and the use of 'pilot(1964!) holes' but no matter.
New plays and everyone needs to learn and hey,maybe get lucky.
If inplay scores on their duve well then the confidence level goes up and tvls' first well could be wrote off as a rookie play.rrx seems like they are willing to risk a minimum 5 well learning curve-the successful privatecos are in deeper than that.
See who buys the stock next couple of months(the boss,buy back).probably best indicator of what's next.
Wouldn't surprise me to see this go private.
Btw stockfy,probably 4-5 mil into the bank line.
working capital deficit and all that.
Cheers