OTCPK:BLKPF - Post by User
Comment by
Morpheus2on Mar 26, 2008 7:26pm
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Post# 14841101
RE: what is problem here?
RE: what is problem here?The problem is the team is quitting, there is no one left here. The COO, any of the Atlas people which constituted their heavy oil experience. Likely why they are selling off the Sask assets, Mooney will be next, it is severly underperforming IMO. Leaves Onion Lake, and desanding their tanks everyday, good volume but also higher costs.
Their shopping this around right now, trying to get another fish on the line. The updated reserves puts them in the 2.10 to 2.25 range so why else is this thing tanking. Food for thought, I sold this out @ 1.70 but continue to monitor. Curious if I made the right choice.