RE:RE:Have ya'll looked at sedar?? Banana, you really should look at sedar instead of the wild market speculation for this company. If you did, you would see that what you wrote is absurd. You are essentially saying that all these O&G companies, in a perfect world, would have an equal market capitalization, all the while ignoring how much in assets each of them have. The assets vary greatly between them. Actually, in a rational market, RZE should be priced at zero. They have NO assets to speak of (after liabilities have been deducted). Zero, nada, nothing. Only debt. Extreme mismanagement ran this company into the ground and then some. All you guys are nuts for "investing" in this stock.
Pages 6 and 7 of their 2021 q4 report should be of particular concern to you guys, I would think. They state that they were in default due to cross covenant violations to AIMCo which basically made all their loans due on demand - which they had no means to repay, other than disolving the company. AIMCo waived the default conditions this time. Crisis averted. RZE then goes on to state that they expect to be in non-complance again with AIMCo on Sept 30, 2022 and no assurance can be made that AIMCo will waive the conditions yet again. If they don't, it's lights out and you guys will get your share of what is left over after debts repaid - which is precisely jack squat. Scary stuff, man!
The irrational exuberance for this stock is truly a marvel to behold though. I'll give you that...
Bananahanger wrote: Lots of room to raise equity. If it raised a hundred million it would still have a market cap of less than half of Gear.