Wolverine Energy and Infrastructure Inc V.WEII.H

Alternate Symbol(s): WEIIF

Wolverine Energy and Infrastructure Inc. is a Canada-based full service, diversified energy and infrastructure service provider in Western Canada and the United States. It services both conventional and renewable energy sectors by providing specialized equipment rental and infrastructure services, including production testing services and rentals, oilfield and energy rentals, heavy equipment rentals, civil/infrastructure construction, and environmental clearing to its clients. Its operations include Energy Services USA, Energy Services Canada and Infrastructure Canada. The Energy Services USA operation includes rentals and production testing. It offers a range of tubular and oilfield equipment rentals and sales, from down-hole and surface oilfield equipment to well control and pipe handling equipment. The Energy Services Canada operation includes production testing, water management and surface rentals. The Infrastructure Canada operation includes construction and heavy equipment.

TSXV:WEII.H - Post by User

Wolverine Energy and Infrastructure Inc > What’s going on

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Comment by northxweston Jul 29, 2020 9:33am

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Post# 31336070

RE:What’s going on

What's going on is they have $76 million in current liabilities vs $46 million in current assets. If they didn't continue to use the "gain on bargain purchase of $23 million", (LMAO not a legit accounting term as far as I am aware), as profit in financials they would be showing about a $10.5 million loss as well in the past year. Their only options would seem to be dump a significant part of their assets for fire sale prices, (probably considerably less than the "gain on bargain purchase price" they paid for them in these times or default on loans. Doubtful they make it until Christmas.

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A junior copper-gold stock trading at a bargain of monumental proportions