Traverse Energy Ltd V.TVL

Primary Symbol: TVETF

Energy Oil & Gas E&P

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 Greater Coyote area includes properties in the Chain Lakes, Coyote, Hanna, Michichi, and Watts areas of Alberta.

GREY:TVETF - Post by User

Traverse Energy Ltd

Bullboard Posts

Comment by skidaddyon Dec 15, 2006 12:00pm

172 Views

Post# 11874732

RE: TVL will move forward !

GA Says : I just don't agree that this financing helps in the negotiations the way you think it does. It'll keep the phone and fax lines running and pay a few lawyers to right letters. At the end of September 06 TVL had 2.5 mil cash an a unused 2.5 mil line of credit . GA are you nuts ??? How much money does it take to keep the phones and Faxes running ?? $ 200.00/month + a few $ 1,000.00 letters ?? Since they will now have 6.5 million cash can we assume they will be able to pay their phone bill ?? GET A LIFE BUDDY !!! TVL management is trying to run this business and make a profit and IMHO they are not perfect and don't always make perfect decisions BUT they are sitting on a CASH machine and if they don't FU this stock is going much much higher !! Welcome aboard Wellington and thanks for your vote of confidence !! This may explain why the new CFO is buying shares !! We now have 6.5 mil cash and I love it !! Cheers Longs, Patience will pay off here !!!

Bullboard Posts

New CEO leads Sonoro Energy's vision to expand in MENA