TSXV:WEE.H - Post by User
Comment by
grapple1on Jul 13, 2009 9:09pm
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Post# 16134833
RE: Pescod
RE: Pescod"slow to adopt new technologies"?
No kidding.
19 months for Encana to figure out that they make $8 for every $1 they spend with WEE. However, you have to believe that if Encana is saying they get this kind of return, and are finishing off an engineering report to file at the right Energy meeting (haven't heard which show this will be released at yet), you know that these guys are budgeting for it in fields over the next few years.
Anyway - I have a lot of this stock - not the level of a mutual fund for instance but a 6 figure amount of shares - and am now so comfortable that I keep buying more every time it takes another dive.
My guess - if this stock hadn't been flooded on the market hit by a hedge fund that needs any kind of cash it can get, this would have been over $2 by now.