GREY:WFREF - Post by User
Post by
lessspikeon May 16, 2016 7:29pm
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Post# 24879038
Sick company of the year
Sick company of the yearTerrible financials. Deeper into bank debt...would have been worse if they were not in default on the debentures. Production down 22% from Q1/15. Mostly gas at money losing prices.
This company is not viable in this environment of nat gas prices. Rising oil prices aren't helping much. I would be surprised to see the Chinese close this deal. I hope so for the sakes of the longs looking to make 6% before May 30. We could use the fresh Chinese money in Canada.