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WesCan Energy Corp V.WCE

Alternate Symbol(s):  GPIPF

WesCan Energy Corp. is a Canada-based junior public resource company. The Company is engaged in the business of oil and gas exploration, development and production with oil and gas operations and property interests in Alberta, Canada and Texas, United States of America. It is focused on exploration and development of light oil and liquids-rich natural gas opportunities in Alberta and Saskatchewan. Its assets are comprised of 100% operated, oil-weighted properties characterized by multi-zone oil reservoirs.


TSXV:WCE - Post by User

Comment by Roddiggition Feb 26, 2021 2:56pm
102 Views
Post# 32673154

RE:Why is this moving so fast?

RE:Why is this moving so fast?Have a look at my due diligence report below. Oil going up, lots of light oil juniors that don't have bank debt are waking up. In the case of WCE, this all applies. But keeping in mind that there's only 31.4 million common shares, no options/warrants and they are going to be doing some workovers to increase their production. If they didn't have 6 wells to work on last quarter, they G&A would of been lower, which should of resulted in a profitable quarter overall. But with those done in the summer and higher pricing now, with a financing coming to a close and several more wells to workover, it's a very good situation. Insiders own a good portion and most of the retail stock is at much higher prices, just look at the 10 and year 15 year charts. Overall, it's a pretty good story.
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