TSXV:DXI.H - Post by User
Comment by
ticktockstockon Mar 21, 2018 10:55am
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Post# 27753160
RE:DXI Share holders not selling shorty ...
RE:DXI Share holders not selling shorty ...We did not hit serious pay dirt, Halfway oil was the pay dirt and it was dry, now this is fine and by my estimation was always a real risk of this project, this is a new interpretation of seismic and they will evaluate and learn from this hole. I am in this because I believe there is a real chance of finding new oil the risk now is can they do it with the money raised. Gas reserves will recover one day, but for right now, this company needs cash flow from high volume halfway oil, they are in no position to wait till 2020 to produce Nat gas to keep them afloat, especially not when they are behind pipe with production in the land of Montney giants who are struggling to keep their ships afloat. Rough quit it with the BS, I can assure you most of the last quarter million shares sold were not sold by someone on margin.