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goeasy Ltd T.GSY

Alternate Symbol(s):  EHMEF

goeasy Ltd. is a Canadian company that provides non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands. The Company's segments include easyfinancial and easyhome. The easyfinancial segment lends out capital in the form of unsecured and secured consumer loans to non-prime borrowers. easyfinancial's product offering consists of unsecured and real estate secured instalment loans. The LendCare operating segment specializes in financing consumer purchases in the powersports, automotive, retail, healthcare, and home improvement categories. The easyhome segment provides leasing services for household furniture, appliances and electronics and unsecured lending products to retail consumers. Its customers can transact seamlessly through an omnichannel model that includes online and mobile platforms, over 400 locations across Canada, and point-of-sale financing offered in the retail, powersports, automotive, home improvement, and healthcare verticals.


TSX:GSY - Post by User

Bullboard Posts
Comment by pricecheckon2on Jul 22, 2011 12:09pm
356 Views
Post# 18861496

RE: RE: RE: RE: RE: RE: great info site

RE: RE: RE: RE: RE: RE: great info siteIts a 912 jack with the first number always referring to the torque rating of the pump.  In this case 912,000 lbf-in.  The bigger the number the more "weight" the pump can move.  The total weight on the jack is a combination of the weight of the rods, friction and of course the fluids above the jack.  So Kahn's statement of pumping more oil should be pump more fluid to be most accurate.

Don't forget that water is also a major component of every one of these Bakken wells so far with one of the highest water producers being the Shell 9-17 well.  After all the hype on huge volumes lifted to date the well was shut-in to change the pump as it has made nothing but water other than 324 m3 of oil produced in March 2011.  Just to be clear it has not reported any oil production after the first month and has made nothing but 500-600 bbl/d of water ever since.  At that depth and water volumes the 912 is required to lift all of that fluid.  Will the oil ever come?   The Nexen well offsetting GSY at 1-28 made 20 bbl/d of oil in its first full month of production.  That simply isn't good enough for the amount of capital being spent.  There is a long way to go on this play before anybody hits the big payday.

Buyer beware on this stuff, none of the wells have made much oil so far.
Bullboard Posts