GREY:VFGGF - Post by User
Comment by
terroiron May 14, 2013 10:58am
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Post# 21389395
RE: Fact is Evi is a bust
RE: Fact is Evi is a bust In fact you offer few facts. I'll give you that they did a bought deal financing and that's all I see.
LPR's issues surround their nat gas plays, moritorium in Quebec, and lack of balance sheet capable of developing evi. The drilled wells have great payback...but you need deep pockets to grow through the decline rates while waiting for the payback. Fact is their other plays are not throwing cash.
PRY is struggling, but is within eyeshot of becoming cash flow self sufficient. Not the same facts at all.
Terr