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Bullboard - Stock Discussion Forum WestFire Energy Ltd T.WFE

Bullboard (TSX:WFE)

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Post by Majormac79on May 17, 2011 11:04pm

love the prospects

This company looks like great potential I already own some shares at a bloated price from todays closing. I am interested to pickign more up but it only makes sense to wait for a bottom to form.
Comment by BCsilveron May 17, 2011 12:31pm

RE: RE: Up trend line from

Nailed it , that being said we are now hitting the lower rail in the down trend and the 200 ma that was fast , could be a good fast trade here
Comment by Jfallenangel10on May 17, 2011 7:11am

RE: oil prices

Downside risk and support levels for oil is $93 a barrell - don't really see it going below there going into summer.
Post by Majormac79on May 16, 2011 11:34pm

oil prices

Oil is predicted to recede back to 80-90 dollar range which is seen as a more fair value for the current supply/demand ratio.I wouldnt be surprised for WFE to DROP to  $ 6.50 ...more  
Comment by dmacdon May 16, 2011 6:26pm

RE: RE: RE: RE: RE: Interesting approach

Did CIBC provide any rationale for their opinion? Per the news release, "Transaction is immediately accretive to WestFire on the following measures: 37% on run rate cash flow per share ...more  
Post by Jfallenangel10on May 16, 2011 12:14pm

Merger is Value Add

The merger is a fantastic opportunity.  I wouldn't be too concerned about the Q1 CFPS either - the average selling price per barrel used in the calculation is $74 - Q2 has averaged above $100 ...more  
Comment by MTPockets1on May 16, 2011 5:17am

RE: RE: RE: RE: RE: Interesting approach

Scotia Capital is on research restriction and I have not seen any comment from them on the results or transaction. Their last target was $11 and based on 1.0 x 2P NAV
Comment by retiredcfon May 15, 2011 2:53pm

RE: RE: RE: RE: Interesting approach

Similar to Scotia Capital, CIBC World Markets wasn't overly impressed with the results and reduced their target from $9.25 to $8.00 (their projected CFPS had been .21) They also considered that ...more  
Comment by dmacdon May 14, 2011 7:47pm

RE: RE: RE: RE: Interesting approach

Thanks MTP. I agree that the Q1 results could have been better, and quite a few others will be impacted since it was not such a great winter season for drilling. OIP must have executed extremely ...more  
Comment by MTPockets1on May 14, 2011 2:59pm

RE: RE: RE: Interesting approach

Great post dmacd. It helps put the recent events in perspectiveIf I could add some thoughts this;The share prices is being impacted by the bigger picture – recent commodity slide has everyone jittery, ...more  
Comment by dmacdon May 13, 2011 7:50pm

RE: RE: Interesting approach

This was a chance for Sprott to extract value from their tightly held Orion holdings. Both companies are similarly undervalued and remember that neither company had to do this deal ...more  
Comment by retiredcfon May 13, 2011 3:32pm

RE: Up trend line from

Thanks so much for your advice about this play being done but I consider the source given your warning of a "dubble top". LOL
Post by BCsilveron May 13, 2011 2:32pm

Up trend line from

Sept is well broken now , and a dubble top on the 2 year ouch , this play is doneGood luck all
Post by outfitteron May 13, 2011 1:24pm

Re: downgrade.

I read the quarterly report from WFE and it sounds fairly positive unless I'm missing something? I saw the # downgrade from cibc to $8, but I can't find a copy of the analyst's report, and ...more  
Post by fdfd12on May 13, 2011 8:24am

Downgraded

at CIBC from 9.50 to 8 because of the resluts.Young guy from Sprott suddenly looks very old.
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