OTCPK:EDEYF - Post by User
Post by
BLUE3on Jan 14, 2013 4:30pm
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Post# 20836562
low share price
low share price at long last we know the reason share price of almost all canadian oil companies have fallen or languished over the last year.......the alberta goverment anounced today they are loosing $75 million per doy in oil revenues...likely up to $3billon over the past year.......so all oil companies are also loosing money.......i expect all jr oil companies share price will not rise to levels we all expected... until pipeline capacity in increased big time ...and prices paid for canadian oil moves up closer to wti prices....at present canadian producters are recevving between $6.00 and $ 40.00 per bbl depending on quality light 40 degree api and heavy 15 to 25degree api ......luck all good trading............blue