GREY:VFGGF - Post by User
Comment by
bonjovi501on Nov 29, 2013 1:51pm
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Post# 21954190
RE:Speculative Buy
RE:Speculative BuyAll you have to do is look at the debt which has more then doubled and production is down from qone year ago. Do you remember when we were told we were heading over 6000boed and now we are not even half that. Heck at the end of 2012 we were over 5000boed so we lost 50% production. Can you say high decline rates so this is the begining of the end if they do not get this out of control. High decline rates which management ignored when questioned now proves correct. If I had to guess the results from 4thQ I would say 2500boed with maybe a few more million debt. Management says we have begun to turn the corner as waterfloods should be the saving grace. Should I take this as pure gospel? Hmmm