Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Saturn Oil & Gas Inc. Announces its First Development of Cardium Wells at Brazeau and Continued Successful Development (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

WesCan Energy Corp V.WCE

Alternate Symbol(s):  GPIPF

Energy Oil & Gas E&P
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

WesCan Energy Corp > Why is this moving so fast?
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(123)
•••
Comment by Roddiggition Mar 09, 2021 12:13am
49 Views
Post# 32749925

RE:RE:RE:RE:RE:RE:RE:RE:Why is this moving so fast?

RE:RE:RE:RE:RE:RE:RE:RE:Why is this moving so fast?From what I was told by my associate, that's not the case. The $200k will go right to the workovers as crews are on standby. So we should have all 21 wells producing by month end. 

Apparently there's around 70% of the float held by insiders and friends/family/co-workers of the company. So a lot of the liabilities are acutally much safer than it looks from the balance sheet. Once WCE gets the cash flow from 100+bopd, then they can clean up the books much faster. 
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities