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Bullboard - Stock Discussion Forum Traverse Energy Ltd TVETF

Traverse Energy Ltd is a Canada-based company. The Company is engaged in oil and gas exploration, development and production activities. It conducts its operations in the province of Alberta. The Company’s assets are located in the Carbon, Turin and Greater Coyote areas of Alberta as well as in the Duvernay land base located in the Buffalo Lake, Chigwell and Pigeon Lake areas of Alberta. The... see more

Bullboard (GREY:TVETF)

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Comment by Executer99on Oct 09, 2019 6:26pm

RE:Worst case scenario?

Not a chance...they have 5 million in land assets. Yes they hAve 6.8 million in debt  They are a producer and have assets. The oil stocks are so beat up  This is worth .05-.10 and will ...more  
Post by Tim1234on Oct 09, 2019 5:33pm

Worst case scenario?

Ok sportsfans...lets play a game...what’s the worst case scenario here and what’s the best thing to do about it? Ok...I’ll start...”TVL delists never to be heard of again.” Is this possible? Please ...more  
Comment by Theconsortmanon Oct 03, 2019 11:29am

RE:Translation?

Bank has extended the loan but can call it at any time with payment due within 1 day.  Lender also involved with the strategic alternatives process. They have essentially taken control of the ...more  
Post by Tim1234on Oct 02, 2019 5:24pm

Translation?

Anyone care to translate the latest Corporate Update? 
Post by InvestLargeCon Sep 14, 2019 2:10pm

S.Arabia production cuy by 50% after drone attack

https://oilprice.com/Geopolitics/International/100-Oil-Drone-Strikes-Halt-Half-Of-Saudi-Crude-Production.html
Comment by Theconsortmanon Sep 10, 2019 12:42pm

RE:RE:RE:RE:RE:Best/worst/probable case scenario?

Partial term drilling leases and licences will sell for a discount. Big capital needed to drill Duvernay wells to retain land. Hard to buy land if unsure you have the Capital to retain (drilling ...more  
Comment by ufoolmeon Sep 10, 2019 11:40am

RE:RE:RE:RE:Best/worst/probable case scenario?

I don't believe they own the land to sell.  They own the drilling rights.  Farmland sells for $2500 per acre.  Drilling rights are a whole other matter, and values depend on what ...more  
Comment by ValueCaton Sep 10, 2019 10:54am

RE:RE:RE:Best/worst/probable case scenario?

If they could have sold the land for that price, would have been done already.
Comment by Executer99on Sep 09, 2019 6:04pm

RE:RE:Best/worst/probable case scenario?

Alberta land acreage average sell price is $2500 per acre TVL has 200k acres. That's 5 million dollars.  They will liquidate before anything. This is worth easy 5-10 cents 
Comment by ValueCaton Sep 06, 2019 3:07pm

RE:Best/worst/probable case scenario?

Time expired and Patient on life support. banks have “kindly” refrained from pulling the plug- want to avoid the task of cleaning up the mess. mgt doing everything that can be done anyway thoughts ...more  
Post by Tim1234on Sep 06, 2019 12:12am

Best/worst/probable case scenario?

Would appreciate a more educated view than mine on what the best/worst/probable case scenario for Traverse is. The one thing I have is patience. But does Traverse? Is there a clock ticking somewhere ...more  
Comment by ValueCaton Aug 27, 2019 3:16pm

RE:RE:Q2?

Moot point now. just pray
Comment by ufoolmeon Aug 27, 2019 2:56pm

RE:Q2?

Would expext them to be out this week.
Post by Theconsortmanon Aug 27, 2019 1:49pm

Q2?

Will Q2 be out soon?
Comment by ValueCaton Aug 19, 2019 2:43pm

RE:Here's hoping

tough environment to get anything done. 
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